#SNDK SanDisk is now at a key support level of 1,200 in its uptrend!
If it can hold here, we’ll head for new highs!
If it can’t, it could break below 1,000 and hit new lows!
There’s nothing wrong with the fundamentals for storage; the overall trend is still upward. Market volatility is being driven by off-market leverage!
Next week, we have the Fed’s interest rate decision and SanDisk’s earnings report!
With the market at a low ahead of these key data points, I think the opportunities still outweigh the risks!
The company has already gotten all the bad news out of the way before the data comes out, so naturally, this is when the market can turn around!
I’m still holding—I haven’t sold!