11.12 Thu Xu Wen $SNDK
Core market and capital flow conflict:
Bullish thesis (strong fundamental support): SanDisk raised its November NAND contract prices by 50% month over month, marking the third price increase this year. The supply-demand gap is expected to persist through 2028. Evercore reiterated its “Outperform” rating with a price target of 2500, highlighting strong data center demand and structural improvements in the business model.
Bearish thesis (significant contract-side pressure): The overall long-short ratio is around 0.966, but the Binance account long-short ratio is as high as 4.25, with many retail investors buying the dip early. The OI-weighted funding rate is +0.0186%, meaning longs are continuously paying shorts, at an annualized cost of about 20%. Over the past 24 hours, long liquidations totaled 8.29 million, versus just 860,000 in short liquidations, as longs were heavily flushed out.
Liquidation structure: 865–872 is a dense long liquidation zone below, about 7% from the current price. 994–1019 is a dense short liquidation zone above; a breakout on high volume could trigger a short squeeze.
Trading plan: (Buy the dip on a pullback)
Entry range: 915–925
Stop loss: Below 865
First target: 965–975
Second target: 1015–1045
$SNDK #SNDK
Core market and capital flow conflict:
Bullish thesis (strong fundamental support): SanDisk raised its November NAND contract prices by 50% month over month, marking the third price increase this year. The supply-demand gap is expected to persist through 2028. Evercore reiterated its “Outperform” rating with a price target of 2500, highlighting strong data center demand and structural improvements in the business model.
Bearish thesis (significant contract-side pressure): The overall long-short ratio is around 0.966, but the Binance account long-short ratio is as high as 4.25, with many retail investors buying the dip early. The OI-weighted funding rate is +0.0186%, meaning longs are continuously paying shorts, at an annualized cost of about 20%. Over the past 24 hours, long liquidations totaled 8.29 million, versus just 860,000 in short liquidations, as longs were heavily flushed out.
Liquidation structure: 865–872 is a dense long liquidation zone below, about 7% from the current price. 994–1019 is a dense short liquidation zone above; a breakout on high volume could trigger a short squeeze.
Trading plan: (Buy the dip on a pullback)
Entry range: 915–925
Stop loss: Below 865
First target: 965–975
Second target: 1015–1045
$SNDK #SNDK
