SanDisk: Down 45% from highs but volume just surged 60% above average. Someone's buying 👀
SNDK at $1,288 (+0.63%) — barely green on the day, but the volume story is what caught my attention. 14.3M shares traded vs 8.9M average. That's institutional activity.
🔬 Technical Snapshot:
• Trend: Downtrend
• RSI: 40.7 (bearish but approaching oversold)
• MACD: -161.74 (negative)
• Volume: 14.3M (1.6x normal — significant!)
📊 Key Levels:
• Support: $1,333 (immediate floor)
• Resistance: $2,050 (the comeback target)
• 3-month low: $1,015.89
High volume on a small green day after a massive selloff? That's the pattern smart money leaves behind when they're quietly accumulating.
The storage sector is cyclical. We might be early in the bottoming process.
Storage sector: bottom is in or more pain ahead? 📦
#SanDisk #Storage #StockAnalysis #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research.
SNDK at $1,288 (+0.63%) — barely green on the day, but the volume story is what caught my attention. 14.3M shares traded vs 8.9M average. That's institutional activity.
🔬 Technical Snapshot:
• Trend: Downtrend
• RSI: 40.7 (bearish but approaching oversold)
• MACD: -161.74 (negative)
• Volume: 14.3M (1.6x normal — significant!)
📊 Key Levels:
• Support: $1,333 (immediate floor)
• Resistance: $2,050 (the comeback target)
• 3-month low: $1,015.89
High volume on a small green day after a massive selloff? That's the pattern smart money leaves behind when they're quietly accumulating.
The storage sector is cyclical. We might be early in the bottoming process.
Storage sector: bottom is in or more pain ahead? 📦
#SanDisk #Storage #StockAnalysis #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research.