SanDisk ($SNDK) just ripped +7.4% in a single session. The storage sector is ON FIRE today. 🔥
At $1,641, SNDK is approaching its SMA50 ($1,656) — a critical resistance level. Break above this and the technical picture turns very bullish.
RSI at 57 is healthy and still has room. The stock has recovered +61.5% from its 3-month low of $1,016, showing serious momentum. Volume is at 1.1x average — not parabolic, which is actually healthy.
The AI storage narrative is real. Datacenters need more NAND, more SSDs, more everything. SNDK is a direct beneficiary.
📌 Key Levels:
• Support: $1,271 (major floor)
• Resistance: $1,656 (SMA50) → $2,050 (next target)
• Watch: A close above $1,656 would be very bullish
SNDK breaking out or facing rejection at the 50-day? 🤔
#SanDisk #Storage #DYOR
⚠️ Not financial advice. Always do your own research before trading.
At $1,641, SNDK is approaching its SMA50 ($1,656) — a critical resistance level. Break above this and the technical picture turns very bullish.
RSI at 57 is healthy and still has room. The stock has recovered +61.5% from its 3-month low of $1,016, showing serious momentum. Volume is at 1.1x average — not parabolic, which is actually healthy.
The AI storage narrative is real. Datacenters need more NAND, more SSDs, more everything. SNDK is a direct beneficiary.
📌 Key Levels:
• Support: $1,271 (major floor)
• Resistance: $1,656 (SMA50) → $2,050 (next target)
• Watch: A close above $1,656 would be very bullish
SNDK breaking out or facing rejection at the 50-day? 🤔
#SanDisk #Storage #DYOR
⚠️ Not financial advice. Always do your own research before trading.