SanDisk:
Weekly: 1388 is one of the weekly-level support points. The downward momentum on the weekly chart is not strong. If the candlestick touches here, then it is a short-term dip-buying point. The strongest support on the weekly chart is 1096, because there is no visible sign of accelerated downside; for now, 1096 is an invalid indicator.
3-day: The two lines stick together and form a straight line at the zero axis. The long/short battle is intense. Its support is exactly at 1400, neither off-target nor biased.
1-day: The two lines open downward. Currently, the price is below the Boll midline (1536). Because the downward momentum is not strong, the Boll lower band at 1274 (close to the “cut in half” point 1288) can’t be reached and has no reference value.
12-hour: Boll lower band 1430, middle band 1543.
So for SanDisk, on the short term you can short around 1536–1543 and buy on pullbacks at 1430–1388. The room for short-term trading is limited. It’s not that there’s no rebound; it’s just that the rebound can’t hold above 1520. As long as the subsequent pullback doesn’t break below 1400, it is in a sideways consolidation range, making the price action rather boring. Therefore, there hasn’t been much to talk about lately—only participation with small positions.
SanDisk needs the 3-day lines (the faster and slower lines) to open up at that level to choose a direction again; then the market won’t be so boring.
Weekly: 1388 is one of the weekly-level support points. The downward momentum on the weekly chart is not strong. If the candlestick touches here, then it is a short-term dip-buying point. The strongest support on the weekly chart is 1096, because there is no visible sign of accelerated downside; for now, 1096 is an invalid indicator.
3-day: The two lines stick together and form a straight line at the zero axis. The long/short battle is intense. Its support is exactly at 1400, neither off-target nor biased.
1-day: The two lines open downward. Currently, the price is below the Boll midline (1536). Because the downward momentum is not strong, the Boll lower band at 1274 (close to the “cut in half” point 1288) can’t be reached and has no reference value.
12-hour: Boll lower band 1430, middle band 1543.
So for SanDisk, on the short term you can short around 1536–1543 and buy on pullbacks at 1430–1388. The room for short-term trading is limited. It’s not that there’s no rebound; it’s just that the rebound can’t hold above 1520. As long as the subsequent pullback doesn’t break below 1400, it is in a sideways consolidation range, making the price action rather boring. Therefore, there hasn’t been much to talk about lately—only participation with small positions.
SanDisk needs the 3-day lines (the faster and slower lines) to open up at that level to choose a direction again; then the market won’t be so boring.
