📉 SanDisk (SNDK) down another 3.68% to $1,212 — now 48.1% off its 3-month high. The entire flash storage sector is bleeding, and SNDK is taking the worst of it.

📊 Technical Snapshot:
• Price: $1,212.21 (-3.68%)
• RSI: 41.6 — approaching oversold but not there yet
• MACD: deeply negative, no bullish divergence
• Below ALL major MAs — textbook downtrend
• Volume 15% above average = active selling, not passive drift

🧠 Why The Pain Might Not Be Over:
• NAND pricing is under pressure from oversupply
• The entire storage sector is repricing, not just SNDK
• Support at $1,280 just BROKE — next real support is $1,016 (3-month low)

📍 Key Levels:
→ Support: $1,280 (broken → now resistance) → $1,016 (3-month low)
→ Resistance: $1,393 (SMA20) → $1,688 (SMA50)

🎯 My Approach: Wait for RSI below 35 + a strong reversal candle before considering any position. Premature bottom-fishing is how accounts get wrecked in sector rotations.

Flash storage: cyclical bottom or structural decline? What do you think? 👇

#SNDK #Storage #DYOR

⚠️ This is not financial advice. Always do your own research and manage risk carefully.