šæ SanDisk (SNDK) at $1,288 ā down 44.8% from its 3-month high. Volume surging 60% above average while price barely moved (+0.63%). That divergence tells a story.
š Technical Snapshot:
ā Price: $1,288.03 (+0.63%) | RSI: 40.7 (bearish lean)
ā Trend: Downtrend ā below all moving averages
ā SMA20: $1,509 | SMA50: $1,709 ā heavy resistance above
ā Support: $1,333 | Resistance: $2,050
ā 3-month range: $1,016 - $2,335
š§ The Story:
High volume with minimal price movement often signals institutional accumulation. Smart money buys quietly while retail sells in frustration. But the downtrend is intact ā don't confuse a potential floor with a confirmed bottom.
š Key Levels:
ā $1,333 (support) ā a break below opens the door to $1,016
ā $1,509 (SMA20) ā reclaiming this flips the narrative
SNDK: smart money accumulating or retail holding the bag? š
#SanDisk #Memory #DYOR
ā ļø Not financial advice. Always do your own research.
š Technical Snapshot:
ā Price: $1,288.03 (+0.63%) | RSI: 40.7 (bearish lean)
ā Trend: Downtrend ā below all moving averages
ā SMA20: $1,509 | SMA50: $1,709 ā heavy resistance above
ā Support: $1,333 | Resistance: $2,050
ā 3-month range: $1,016 - $2,335
š§ The Story:
High volume with minimal price movement often signals institutional accumulation. Smart money buys quietly while retail sells in frustration. But the downtrend is intact ā don't confuse a potential floor with a confirmed bottom.
š Key Levels:
ā $1,333 (support) ā a break below opens the door to $1,016
ā $1,509 (SMA20) ā reclaiming this flips the narrative
SNDK: smart money accumulating or retail holding the bag? š
#SanDisk #Memory #DYOR
ā ļø Not financial advice. Always do your own research.