SanDisk (SNDK) pulling back −3.5% today after a massive 54% run from its 3-month low. Profit-taking or trend change? 📉

Technical Snapshot:
• Price: $1,568.87 (−3.50%) — first meaningful pullback in weeks
• RSI: 52.9 — neutral, suggesting the pullback is healthy
• Trend: Still in an uptrend, above 20-day MA ($1,374)
• Volume: 1.38x normal — elevated but not panic selling

Key Levels:
• Support: $1,271 (key structural level)
• Resistance: $2,050 (prior high zone)
• Breakout trigger: Reclaim $1,630 (5-day MA) with volume

The Thesis:
SanDisk has rallied 54% from its 3-month low on strong flash storage demand. Today's pullback is profit-taking, not a reversal — the volume isn't extreme and RSI is cooling from elevated levels.

Flash storage demand remains strong:
• AI servers need massive storage arrays
• Data center buildouts accelerating globally
• Consumer electronics cycle turning positive

📊 3-month range: $1,016–$2,335 | Currently 32.8% off highs

The dip to $1,569 could be a buying opportunity IF the 20-day MA ($1,374) holds. A break below $1,374 would signal trouble.

🎯 Buy the dip or wait for more downside?

#SanDisk #FlashMemory #DYOR

⚠️ This is not financial advice. Always do your own research and manage risk responsibly.