SanDisk at $1,481 in a clear downtrend. Catching this knife requires patience, not bravery. đ
SNDK is down 37% from its 3-month high, trading below both its 5-SMA ($1,548) and 50-SMA ($1,636). RSI at 49.1 is neutral but the trend structure is bearish â lower highs, lower lows. The storage sector is feeling the pressure from oversupply concerns.
đ Technical Snapshot:
Price: $1,480.77 (-0.83%) | RSI: 49.1 (neutral) | MACD: +12.83 (positive but weakening)
SMA5: $1,548 (above price = bearish) | SMA50: $1,636 (above price = bearish)
Volume: 0.85x average (normal but uninspired)
3-month range: $1,016 â $2,335 (46% above low, 37% below high)
đ Key Logic:
The storage market is cyclical. SNDK will recover â but timing is everything. No entry until we see the 5-SMA cross above the 50-SMA and volume expansion on up days. Current structure favors patience over action.
đ Levels to Watch:
Support: $1,271 (next major floor)
Resistance: $1,636 (50-SMA) â $2,050 (structural)
âł SNDK: buy now or wait for trend confirmation? Your take đ
#SanDisk #Storage #DYOR
â ïž Not financial advice. DYOR. Always confirm trend reversal before entering positions.
SNDK is down 37% from its 3-month high, trading below both its 5-SMA ($1,548) and 50-SMA ($1,636). RSI at 49.1 is neutral but the trend structure is bearish â lower highs, lower lows. The storage sector is feeling the pressure from oversupply concerns.
đ Technical Snapshot:
Price: $1,480.77 (-0.83%) | RSI: 49.1 (neutral) | MACD: +12.83 (positive but weakening)
SMA5: $1,548 (above price = bearish) | SMA50: $1,636 (above price = bearish)
Volume: 0.85x average (normal but uninspired)
3-month range: $1,016 â $2,335 (46% above low, 37% below high)
đ Key Logic:
The storage market is cyclical. SNDK will recover â but timing is everything. No entry until we see the 5-SMA cross above the 50-SMA and volume expansion on up days. Current structure favors patience over action.
đ Levels to Watch:
Support: $1,271 (next major floor)
Resistance: $1,636 (50-SMA) â $2,050 (structural)
âł SNDK: buy now or wait for trend confirmation? Your take đ
#SanDisk #Storage #DYOR
â ïž Not financial advice. DYOR. Always confirm trend reversal before entering positions.