SanDisk is up 60% from its 3-month low even after today 9% pullback. The storage play is alive and kicking. 🧵
📊 Technical Snapshot:
SNDK at $1,625.78, -9% today. But zoom out: RSI at 55, strong uptrend intact. Price is above SMA5 ($1,585), SMA10 ($1,425), and SMA20 ($1,375). Volume surged to 1.33x average on the pullback — which is actually healthy.
🔍 Why This Pullback Is Bullish:
A 9% drop on increasing volume after a 60% run is not weakness — it is consolidation. Profit-takers are exiting, and new buyers are absorbing. This is how trends continue. The key: SMA20 at $1,375 is the line in the sand.
Enterprise storage demand is accelerating — AI data centers need massive storage infrastructure. SNDK is riding a real demand cycle, not just sentiment.
📋 Key Levels:
• Support: $1,585 (SMA5) → $1,375 (SMA20, critical) → $1,271 (structural)
• Resistance: $1,657 (SMA50) → $2,050 (breakout target)
• Watch: If $1,585 holds on retest, the next leg up begins
⚡ The Verdict:
This pullback is a gift if you missed the initial move. Scale in at $1,585-$1,625 with a stop at $1,370. The trend is your friend.
💬 Storage stocks — underrated AI play or overhyped? What is your take? 👇
#Stocks #SNDK #Storage #DYOR
⚠️ Disclaimer: Not financial advice. Past performance does not guarantee future results.
📊 Technical Snapshot:
SNDK at $1,625.78, -9% today. But zoom out: RSI at 55, strong uptrend intact. Price is above SMA5 ($1,585), SMA10 ($1,425), and SMA20 ($1,375). Volume surged to 1.33x average on the pullback — which is actually healthy.
🔍 Why This Pullback Is Bullish:
A 9% drop on increasing volume after a 60% run is not weakness — it is consolidation. Profit-takers are exiting, and new buyers are absorbing. This is how trends continue. The key: SMA20 at $1,375 is the line in the sand.
Enterprise storage demand is accelerating — AI data centers need massive storage infrastructure. SNDK is riding a real demand cycle, not just sentiment.
📋 Key Levels:
• Support: $1,585 (SMA5) → $1,375 (SMA20, critical) → $1,271 (structural)
• Resistance: $1,657 (SMA50) → $2,050 (breakout target)
• Watch: If $1,585 holds on retest, the next leg up begins
⚡ The Verdict:
This pullback is a gift if you missed the initial move. Scale in at $1,585-$1,625 with a stop at $1,370. The trend is your friend.
💬 Storage stocks — underrated AI play or overhyped? What is your take? 👇
#Stocks #SNDK #Storage #DYOR
⚠️ Disclaimer: Not financial advice. Past performance does not guarantee future results.