$SNDK up 8.54% in 24 hours, but the daily timeframe is still trending downward.
The SanDisk stock futures contract is trading around $1,372. The 4-hour timeframe remains in an uptrend, while the daily timeframe still leans bearish. 24-hour futures volume is over $2.2 billion.
Bullish scenario: 1-hour candle closes above 1377.78 → 1428.33 area. Invalidated if it falls below 1352.51.
Bearish scenario: 1-hour candle closes below 1257.42 → 1206.87 area. Invalidated if it climbs back above 1282.69.
The scenario is valid for 24 hours.
Personal observation, not investment advice
#EarningsSeason #FOMCWatch #FollowFOMC
The SanDisk stock futures contract is trading around $1,372. The 4-hour timeframe remains in an uptrend, while the daily timeframe still leans bearish. 24-hour futures volume is over $2.2 billion.
Bullish scenario: 1-hour candle closes above 1377.78 → 1428.33 area. Invalidated if it falls below 1352.51.
Bearish scenario: 1-hour candle closes below 1257.42 → 1206.87 area. Invalidated if it climbs back above 1282.69.
The scenario is valid for 24 hours.
Personal observation, not investment advice
#EarningsSeason #FOMCWatch #FollowFOMC
