$SNDK just respected the 1D support and now $2,000 doesn't look as crazy as it did before đ
The chart had a brutal move from around $972, then spent months building a much bigger structure instead of completely giving back the rally.
Now look where buyers stepped in
Around $1,500 to $1,520
Price is back around $1,630 and the next big area I'm watching is around $1,827. If SNDK can reclaim that zone and keep the higher low structure intact, the psychological $2,000 level becomes a very real...
$SNDK COULD REACH 2000! SOON
Why am I saying this? First of all, SP shares continue to trade at a premium on a regular basis.
In addition, SanDisk not only provides services in the AI storage sector but also creates real-world value through its products.
Furthermore, the company is generating very strong profits every quarter. This will eventually be reflected in the #stock price.
Unless we see a major market crash by the end of the year, the stock will be above $2,000.
DYOR!