š½ SanDisk (SNDK) at $1,480.77 (-0.83%) in a confirmed downtrend. RSI 49.1 and trading below both the 5-day and 10-day MAs. The storage sector is showing cracks. š»
Technical Snapshot:
ā¢ Price: $1,480.77 | RSI: 49.1 (neutral-bearish)
ā¢ Support: $1,271 | Resistance: $2,050
ā¢ 37% below 3-month high ā significant weakness
ā¢ Volume normal (0.85x) ā no capitulation yet
Why This Matters?
When a stock is in a downtrend with neutral RSI, it means the selling isn't panic yet. That's actually dangerous ā it means there's still room for more downside before we see a real bottom. The 50-day MA at $1,636 is acting as resistance, not support.
Key Levels: $1,271 support must hold or we test the 3-month low near $1,015. Only a break above $1,636 changes the bearish structure.
Are you brave enough to catch this knife? Or waiting for confirmation? š
#SanDisk #StorageTech #StockAnalysis #DYOR
ā ļø Not financial advice. Always manage risk.
Technical Snapshot:
ā¢ Price: $1,480.77 | RSI: 49.1 (neutral-bearish)
ā¢ Support: $1,271 | Resistance: $2,050
ā¢ 37% below 3-month high ā significant weakness
ā¢ Volume normal (0.85x) ā no capitulation yet
Why This Matters?
When a stock is in a downtrend with neutral RSI, it means the selling isn't panic yet. That's actually dangerous ā it means there's still room for more downside before we see a real bottom. The 50-day MA at $1,636 is acting as resistance, not support.
Key Levels: $1,271 support must hold or we test the 3-month low near $1,015. Only a break above $1,636 changes the bearish structure.
Are you brave enough to catch this knife? Or waiting for confirmation? š
#SanDisk #StorageTech #StockAnalysis #DYOR
ā ļø Not financial advice. Always manage risk.