SanDisk quietly up 2% with a textbook recovery chart. Sometimes the boring plays are the best ones. 📊
📊 Technical Breakdown:
• Price: $1,600.62 (+2.02%)
• RSI: 53.8 — neutral with room to run
• Trend: Uptrend confirmed
• Volume: 1.23x average — increasing (bullish)
• 3-month range: $1,016 - $2,335
• Down 31.5% from high, up 57.6% from low
🎯 Why SNDK Deserves Attention:
The NAND flash recovery is real. After brutal oversupply in 2023-24, storage prices have bottomed and are trending up. AI data centers need massive storage, enterprise SSD demand is surging.
The chart shows a clean recovery with INCREASING volume — institutional accumulation, not retail speculation.
📍 Key Levels:
🔹 Support: $1,271
🔹 Resistance: $2,050
SNDK is up 57.6% from its 3-month low. Big move already, but RSI at 53.8 means room to run.
Storage chips: undervalued sector or already priced in? 💭
#SNDK #Storage #Semiconductors
⚠️ Not financial advice. Do your own research.
📊 Technical Breakdown:
• Price: $1,600.62 (+2.02%)
• RSI: 53.8 — neutral with room to run
• Trend: Uptrend confirmed
• Volume: 1.23x average — increasing (bullish)
• 3-month range: $1,016 - $2,335
• Down 31.5% from high, up 57.6% from low
🎯 Why SNDK Deserves Attention:
The NAND flash recovery is real. After brutal oversupply in 2023-24, storage prices have bottomed and are trending up. AI data centers need massive storage, enterprise SSD demand is surging.
The chart shows a clean recovery with INCREASING volume — institutional accumulation, not retail speculation.
📍 Key Levels:
🔹 Support: $1,271
🔹 Resistance: $2,050
SNDK is up 57.6% from its 3-month low. Big move already, but RSI at 53.8 means room to run.
Storage chips: undervalued sector or already priced in? 💭
#SNDK #Storage #Semiconductors
⚠️ Not financial advice. Do your own research.