SanDisk is up 60% from its 3-month low and the trend is still going strong šŖš
š Technical Snapshot:
SNDK at $1,625.78, down -9.01% today (yes, in a strong uptrend, this is a pullback). RSI at 55 ā healthy and not overbought. The trend is a strong uptrend with MACD positive. Price is above SMA5 ($1,585), SMA10 ($1,425), and SMA20 ($1,375).
š Key Levels:
ā¢ Support: $1,271 (structural floor)
ā¢ Resistance: $2,050 (next major target)
ā¢ 3-month range: $1,015 - $2,335 (30.4% off high, 60% off low)
š§ Why This Is Worth Watching:
Volume ratio at 1.33x on this pullback ā that means sellers are not overwhelming buyers. In strong uptrends, pullbacks on moderate volume are buying opportunities. The storage/memory sector benefits from the same AI datacenter buildout as the chip makers.
š What I Am Watching:
ā¢ SMA5 at $1,585 ā if it holds, the short-term uptrend is intact
ā¢ A bounce from here with volume = continuation to $2,000+
ā¢ Break below SMA20 ($1,375) = trend weakening
Today's 9% drop could be a gift or a warning. The trend says gift.
Storage sector: the next semiconductor play? š¾
#SanDisk #Storage #DYOR
ā ļø Disclaimer: This is not financial advice. Always do your own research before investing.
š Technical Snapshot:
SNDK at $1,625.78, down -9.01% today (yes, in a strong uptrend, this is a pullback). RSI at 55 ā healthy and not overbought. The trend is a strong uptrend with MACD positive. Price is above SMA5 ($1,585), SMA10 ($1,425), and SMA20 ($1,375).
š Key Levels:
ā¢ Support: $1,271 (structural floor)
ā¢ Resistance: $2,050 (next major target)
ā¢ 3-month range: $1,015 - $2,335 (30.4% off high, 60% off low)
š§ Why This Is Worth Watching:
Volume ratio at 1.33x on this pullback ā that means sellers are not overwhelming buyers. In strong uptrends, pullbacks on moderate volume are buying opportunities. The storage/memory sector benefits from the same AI datacenter buildout as the chip makers.
š What I Am Watching:
ā¢ SMA5 at $1,585 ā if it holds, the short-term uptrend is intact
ā¢ A bounce from here with volume = continuation to $2,000+
ā¢ Break below SMA20 ($1,375) = trend weakening
Today's 9% drop could be a gift or a warning. The trend says gift.
Storage sector: the next semiconductor play? š¾
#SanDisk #Storage #DYOR
ā ļø Disclaimer: This is not financial advice. Always do your own research before investing.