SNDK faces strong resistance near $1800/$1786 gap fill next week despite current rise on low volume.
He framed it in weeks
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Verified InvestingPublished Sep 4 · 1 passage
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The next chart that moves significantly is SanDisk. Wow, what a big boost for SanDisk! Here you can see a trading volume of 10 million shares compared to a 30-day average of 15 million, with the stock rising on a low trading volume today along with the rest of the sector.
For me, the main resistance level around $1800 is to fill the gap here at $1786. If we push the price towards that level, expect strong resistance there on SanDisk next week.
What this channel has said about $SNDK
Verified Investing has 2 calls on this stock; only the adjacent ones are shown.
2026-09-04Bearish
We're going with SanDisk. I shorted Sandis here. Look at all this bearish consolidation here that's occurring on the chart. Just jumped right in. Didn't wait for a high pivot, which I normally would do or at least wait for some sort of retrace. Jumped right in in the money just ever so slightly. We'll see if we can't narrow this margin going on here with Len.
Quote at 32:13 ›2026-09-04This one
The next chart that moves significantly is SanDisk. Wow, what a big boost for SanDisk! Here you can see a trading volume of 10 million shares compared to a 30-day average of 15 million, with the stock rising on a low trading volume today along with the rest of the sector. For me, the main resistance level around $1800 is to fill the gap here at $1786. If we push the price towards that level, expect strong resistance there on SanDisk next week.