SanDisk token $SNDKB did something I didnt expect after that ugly week.
Monday US open it ripped from 836 to 890 in one hour, biggest volume candle since the Nov 5 crash. And it didnt give it back. Whole night it just chopped between 871 and 904.
For me thats the part that matters. A fake pop usually fades by morning, this one is holding.
871 is the floor I care about now. Lose that on a 1h close and it probably goes to fill the move back toward 840.
Upside the wall is 904 to 912, thats where Friday got rejected too. Clean break of 912 and the downtrend from 1150 starts looking done.
Monday US open it ripped from 836 to 890 in one hour, biggest volume candle since the Nov 5 crash. And it didnt give it back. Whole night it just chopped between 871 and 904.
For me thats the part that matters. A fake pop usually fades by morning, this one is holding.
871 is the floor I care about now. Lose that on a 1h close and it probably goes to fill the move back toward 840.
Upside the wall is 904 to 912, thats where Friday got rejected too. Clean break of 912 and the downtrend from 1150 starts looking done.
