SNDK chart is strong with higher lows, but upside requires breaking 18.25; a lower low reversal is negative.
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We've got SanDisk and GameStop. Should we just start with those two? We'll start with SanDisk. Probably end up tying Micron into this to be completely honest. Here's SanDisk's chart.
SanDisk up 1.8%. Let's take a look at the action here. Ah, okay. So, this did move with the uh CPI print here today. And this actually looks pretty strong.
And SanDisk is one of said stocks. You can see this formation looks very, very similar here. So, I suspect this is going to trade here with the rest of the market. Now, looking at the chart here, we really this I think we've actually talked about this level the last couple of times we talked about Sandis because we haven't been able to pop above it.
But this level in here, let's call it 18 and a quarter, 1825. Move above that. Maybe we get a little bit more juice here in SanDisk. It is making higher lows. So, we really want to hold this.
We don't want this to reverse and then set a lower low. That would be bad. But on the flip side here, we really kind of want to break 1825 13. What do you think here on the SanDisk chart?
Um, I think that uh to your point about 1825, I think I would just want to see a close above 1800. We have we have multiple prints above it but no closes and I think as soon as we start closing above 1 1800 that's going to be the you know next catalyst that indicates we're going higher.
Um that's that's my opinion if we uh continue to come in which you know I don't expect will come in a whole lot more unless there's something geopolitical that happens to me looks like uh just above 1600 is is your support area around the 20-day SMA.
Bevesh, thank you for sharing your trade on SanDisk. I will go short if SanDisk opens higher than 1710 which it looks like and 5 million close lower than 17 1710. First target is 1693.
Second target is 1688. Risk-to-reward here 1 to 1.5. What's the downside uh stop on this? Uh I I'd ask there uh Bevesh. But um good stuff. I appreciate all of the uh Oh, and a fivem minute close lower than 7 1710. Thank you.
Here's what the SanDisk chart looks like. Sandis keeps moving lower. Um, Bevesh saying your buy spot 1651 on SanDisk. We did get it right there. Boy, that's the dead bottom if that holds there. Nice seven points off that already.
What this channel has said about $SNDK
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