$SNDK : Rebound Starting to Appear, But the Trend Is Not Yet Safe

SNDK is at $835.14, the latest price reference. After a sharp correction, the price is starting to stabilize, but there is still no confirmation of a trend reversal.

Based on the 13-week range on the weekly chart ($803.97–$1,909.48), Fibonacci levels indicate:

- 23.6%: $1,064.87
- 38.2%: $1,226.27
- 50%: $1,356.72
- 61.8%: $1,487.18

Support: $816–804
Resistance: $912, then $1,065.

Market scenarios:

Bullish: If the price can hold above $804 and break through $912, the possibility of a recovery toward $1,065 begins to open up.

Bearish: If $804 is breached, selling pressure could continue and delay the recovery structure once again.

On the fundamentals side, SanDisk reported Q1 FY2027 revenue of $11.03 billion (+378% YoY). The company also announced an 8:1 stock split, scheduled to take effect on November 20.

Conclusion: The fundamentals remain attractive, particularly the data center storage business. Technically, however, SNDK still needs confirmation. Don't rush to interpret the rebound as a trend reversal.

Technical levels remain reference points, not certainties about price direction.