August 18, $SNDK : View Analysis

Recently, SanDisk has been pulling up the market with good news, extending its rally for four straight days. Now, however, signs of buyers’ fatigue have emerged. In the 1830–1750 range, profit-taking has already been done in batches. A short-term deep pullback may occur, but it won’t be that quick—support has shifted, with the resistance level turning to 1800.

The main thinking is to go short from the upper side. At 4:00 PM, when the U.S. stock market and night session opens, it still carries the potential for negative news. The plan is to look for a rebound to around 1750 to enter a short trade. The target is to break below 1700. If there is a valid breakdown, then look toward 1650.

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