Proposed short: Entry 1123 / Target 1036 / Stop 1144
The problem: SNDK closed at $1,075, not 1123. Your entry is 4.5% above spot — you're waiting for a bounce that may never come
What supports the short:
· Kioxia (SanDisk's manufacturing partner) warned NAND price increases are losing steam — the core margin driver is under threat
· Down ~33% in a month, including a 13.5% single-day crash
· Price below SMA 50 ($1,547) and SMA 200 ($1,262) — clean downtrend
· RSI ~30, approaching oversold but not there yet
What kills the trade:
· 25 analysts: "Buy" consensus, average target $2,029 (+89%)
· Q1 beat: EPS $49.51 vs $46.67 est, revenue $11.03B vs $10.72B est
· 8-for-1 split effective Nov 20 — volatility likely spikes into the date
Better setup: Short on a rally into 1,100–1,120, or on a confirmed break below 1,067 with volume. Stop at 1,144 is too wide for an entry that's already invalid.
#SNDK #SanDisk #ShortTrade #NAND #Semiconductors