$SNDK is highly volatile after a strong rally followed by a sharp pullback. On Aug. 18, the stock closed around $1,625.78, down about 9%.
📊 Short-term: Bearish/corrective
Key zone: ~$1,600–$1,650
Resistance: ~$1,700–$1,800
Bullish signal: Reclaiming $1,700+ could improve momentum.
⚠️ Risk: Losing ~$1,600 could keep the correction going.
🟢 Fundamentals: AI-driven NAND demand remains a major positive, and SanDisk recently forecast mid-to-high-teens annual revenue growth for fiscal 2028–2030.
Bottom line: Strong long-term story, but the short-term chart needs stabilization after the recent sell-off.
#coin
#traders
📊 Short-term: Bearish/corrective
Key zone: ~$1,600–$1,650
Resistance: ~$1,700–$1,800
Bullish signal: Reclaiming $1,700+ could improve momentum.
⚠️ Risk: Losing ~$1,600 could keep the correction going.
🟢 Fundamentals: AI-driven NAND demand remains a major positive, and SanDisk recently forecast mid-to-high-teens annual revenue growth for fiscal 2028–2030.
Bottom line: Strong long-term story, but the short-term chart needs stabilization after the recent sell-off.
#coin
#traders