💾 Storage stocks are getting crushed — SanDisk (SNDK) down 3.7% today and 48% from its 3-month high. The NAND cycle is clearly in a downswing, but how deep does the rabbit hole go?

📊 Technical Snapshot:
• Price: $1,212.21 (-3.68%)
• Trend: Strong downtrend — all SMAs declining and above price
• RSI: 41.6 — bearish momentum, not yet oversold
• Volume: 13.9M shares, 1.15x average — selling pressure persistent
• SMA5 ($1,307) now acting as resistance

🔍 Key Logic:

The memory sector moves in cycles, and we're clearly in the downswing. NAND pricing has been softening as supply catches up with demand. SanDisk, as a pure storage play, is the most exposed to this cycle.

However, being 48% off highs with RSI approaching 40 is where contrarian buyers start to get interested. The key is waiting for a stabilization signal — higher low, volume climax, or RSI divergence.

📍 Key Levels:
• Support: $1,016 (3-month low)
• Resistance: $1,280 (SMA5) → $1,393 (SMA20)

💭 Memory cycle bottom: are we close, or is this just the beginning? Share your thesis 🧠

#SanDisk #StorageStocks #DYOR

⚠️ Disclaimer: This is personal analysis, not financial advice. Cyclical stocks carry elevated risk. Always do your own research.