SanDisk dropped -6.45% and the bears are celebrating. But volume tells a different story.

📉 SNDK at $1,493 with normal volume (0.98x) — this isn't panic selling, it's profit-taking. The decline is orderly, which means smart money isn't running for the exits.

🔍 Technical Snapshot:
• RSI at 49.6 — neutral, no extreme readings
• Support at $1,271 | Resistance at $2,050
• Down 36% from 3-month high ($2,335) — significant upside from here
• SMA20 ($1,392) providing nearby support

📌 Key Logic:
Flash storage demand is cyclical, and we're in an upcycle driven by AI data center buildout and enterprise SSD adoption. SNDK's pullback is a function of market rotation, not fundamental deterioration.

📊 Levels to Watch:
Support: $1,390 (SMA20) → $1,271 (strong)
Resistance: $1,577 (SMA5) → $2,050
Entry zone: $1,400 - $1,500 | SL: $1,250
TP1: $1,600 | TP2: $1,800 | TP3: $2,050

💬 Is SanDisk a buy-the-dip opportunity or is the storage cycle peaking? What's your take on NAND pricing trends?

#SanDisk #Storage #DYOR

⚠️ Disclaimer: This is analysis, not financial advice. Always do your own research before investing.