SanDisk via Western Digital at $1,499 — up +1.26% but still in a downtrend. Is this a dead cat bounce or genuine bottom?
📊 Technical Snapshot
Price: $1,499.37 | Trend: Downtrend | RSI: 50 (perfectly neutral)
SNDK is trading below its 5-day, 10-day, and 50-day SMAs. Only the 20-day SMA at $1,435 is providing support below. MACD is positive at +9.99 but that could just be a relief rally within a larger downtrend.
🔑 What to Watch
The stock is -36% from its 3-month high and +48% from its 3-month low. That puts it in the middle of the range — indecision territory. For a confirmed reversal, I need to see price reclaim the 50-day SMA at $1,624 with volume.
📋 Key Levels
Support: $1,271 (recent swing low)
Resistance: $2,050 (prior breakdown level)
Key trigger: $1,624 (50-day SMA) — above = bullish, below = still bearish
Storage demand correlates with AI buildout. The thesis is right, but the timing needs confirmation.
Would you buy SNDK here or wait for $1,624 first? 📉
#SNDK #TechStocks #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research.
📊 Technical Snapshot
Price: $1,499.37 | Trend: Downtrend | RSI: 50 (perfectly neutral)
SNDK is trading below its 5-day, 10-day, and 50-day SMAs. Only the 20-day SMA at $1,435 is providing support below. MACD is positive at +9.99 but that could just be a relief rally within a larger downtrend.
🔑 What to Watch
The stock is -36% from its 3-month high and +48% from its 3-month low. That puts it in the middle of the range — indecision territory. For a confirmed reversal, I need to see price reclaim the 50-day SMA at $1,624 with volume.
📋 Key Levels
Support: $1,271 (recent swing low)
Resistance: $2,050 (prior breakdown level)
Key trigger: $1,624 (50-day SMA) — above = bullish, below = still bearish
Storage demand correlates with AI buildout. The thesis is right, but the timing needs confirmation.
Would you buy SNDK here or wait for $1,624 first? 📉
#SNDK #TechStocks #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research.