SanDisk has surged 57% from its 3-month low. Here is why the flash storage play still has legs.
Flash storage demand is exploding: data centers, AI training, edge computing. SNDK is riding this wave, but the -0.28% today suggests the market needs to digest the move.
📊 TECHNICAL SNAPSHOT
• Price: $1,596 (-0.28%)
• RSI: 53.8 (healthy, neutral)
• Trend: Uptrend
• Above 5, 10, and 20-day MAs
• MACD: +21.45, histogram positive
• Volume: 1.04x (normal)
• 3M range: $1,016 to $2,335
💡 THE LOGIC
After a 57% run, a flat day with normal volume is bullish consolidation, not weakness. RSI at 53.8 is remarkably clean for a stock that has run this hard.
The key level: $1,654 (50-day MA). Break above and we accelerate. Fail here and we retest $1,500.
📍 KEY LEVELS
• Support: $1,500-$1,550
• Resistance: $1,700 then $2,050 (3-month high)
Plan: Buy dip toward $1,500-$1,550, SL $1,380, TP $1,700/$1,850
⚠️ DISCLAIMER: Not financial advice. DYOR.
After a 57% run, are you adding or trimming? 👇
#SanDisk #FlashStorage #DYOR
Flash storage demand is exploding: data centers, AI training, edge computing. SNDK is riding this wave, but the -0.28% today suggests the market needs to digest the move.
📊 TECHNICAL SNAPSHOT
• Price: $1,596 (-0.28%)
• RSI: 53.8 (healthy, neutral)
• Trend: Uptrend
• Above 5, 10, and 20-day MAs
• MACD: +21.45, histogram positive
• Volume: 1.04x (normal)
• 3M range: $1,016 to $2,335
💡 THE LOGIC
After a 57% run, a flat day with normal volume is bullish consolidation, not weakness. RSI at 53.8 is remarkably clean for a stock that has run this hard.
The key level: $1,654 (50-day MA). Break above and we accelerate. Fail here and we retest $1,500.
📍 KEY LEVELS
• Support: $1,500-$1,550
• Resistance: $1,700 then $2,050 (3-month high)
Plan: Buy dip toward $1,500-$1,550, SL $1,380, TP $1,700/$1,850
⚠️ DISCLAIMER: Not financial advice. DYOR.
After a 57% run, are you adding or trimming? 👇
#SanDisk #FlashStorage #DYOR