$SNDK SanDisk 1461, RSI=22.65, J value only 8.52, this data would be considered oversold in any normal market, but SanDisk's candlestick is still grinding downward.
The August 29 expansion news was thrown out like it was free—SanDisk and Kioxia announced a Japan expansion plan exceeding $31 billion, with investment continuing until 2032, with only one condition: the Japanese government must approve. Jane Street also joined the party, increasing holdings by 540% to 7.41 million shares, with a market value of about $9 billion. Wall Street's calculations are loud and clear: with long-term contracts in hand, expansion imminent, AI storage demand is far from over.
But the market these days seems to be telling a different story. From 1504 down to 1450, the J value directly dropped to 8.52, and Rosen law firm issued an investigation announcement, saying it represents SanDisk investors in a class action lawsuit, causing the stock price to fall pre-market as a sign of respect. The positive news released over the weekend was immediately offset by a Rosen announcement. Aluminum quickly threw out headlines like "Negotiation Trump Card," which might be a bullish signal for other coins, but for SanDisk it became short-selling fuel.
SAR=1502 overhead, EMA21=1488, EMA55=1511, all broken down. Short-term momentum is indeed weak, but the fundamental logic of the storage sector hasn't changed—Micron's recent earnings report and guidance both exceeded expectations, and storage demand is still rising. The problem is that capital is currently reluctant to catch the falling knife at this position.
No panic in the drop; the important thing is to know what signal you are waiting for.
The August 29 expansion news was thrown out like it was free—SanDisk and Kioxia announced a Japan expansion plan exceeding $31 billion, with investment continuing until 2032, with only one condition: the Japanese government must approve. Jane Street also joined the party, increasing holdings by 540% to 7.41 million shares, with a market value of about $9 billion. Wall Street's calculations are loud and clear: with long-term contracts in hand, expansion imminent, AI storage demand is far from over.
But the market these days seems to be telling a different story. From 1504 down to 1450, the J value directly dropped to 8.52, and Rosen law firm issued an investigation announcement, saying it represents SanDisk investors in a class action lawsuit, causing the stock price to fall pre-market as a sign of respect. The positive news released over the weekend was immediately offset by a Rosen announcement. Aluminum quickly threw out headlines like "Negotiation Trump Card," which might be a bullish signal for other coins, but for SanDisk it became short-selling fuel.
SAR=1502 overhead, EMA21=1488, EMA55=1511, all broken down. Short-term momentum is indeed weak, but the fundamental logic of the storage sector hasn't changed—Micron's recent earnings report and guidance both exceeded expectations, and storage demand is still rising. The problem is that capital is currently reluctant to catch the falling knife at this position.
No panic in the drop; the important thing is to know what signal you are waiting for.