💾 SanDisk ($SNDK) down -3.68% today as the storage sector gets hammered.

Down 48% from 3-month highs. Is this peak pessimism — or just the beginning?

📊 Technical Snapshot
Price: $1,212.21 (-3.68%) | RSI: 41.6 (approaching oversold)
Volume: 13.9M (1.15x average — slightly elevated)
Trend: Strong downtrend

SNDK is down 48% from its 3-month high ($2,335) but still 19% above its low ($1,016). The stock is in the lower half of its range, and sellers are still in control.

💡 What the Chart Tells Me

1. RSI at 41.6 — not quite oversold (30), but getting there
2. Price below all major MAs except the 10-day
3. Volume is slightly elevated on the sell-off — not panic yet
4. MACD is deeply negative but histogram is narrowing

The storage sector is getting hit by tariff concerns and inventory correction fears. But the long-term story (data growth, AI storage needs) hasn't changed.

📋 Key Levels
→ Support: $1,280 (recent) → $1,016 (3-month low)
→ Resistance: $1,393 (20-day MA) → $1,688 (50-day MA)

📋 The Plan
→ Entry: $1,210-1,280 (near current levels, with bullish divergence on RSI)
→ Stop Loss: $1,015 (break below 3-month low)
→ TP1: $1,393 (20-day MA)
→ TP2: $1,688 (50-day MA)

⚖️ Risk/Reward: 1.7:1 — attractive IF you believe in the sector recovery

Bottom line: SNDK is beaten up enough to be interesting, but not yet showing a clear bottom. Wait for RSI divergence or a volume spike before entering.

Is the storage sector due for a bounce? 👇

#SanDisk #Storage #Trading

⚠️ This is not financial advice. DYOR. Past performance is not indicative of future results.