“Stock Market & Crypto Analysis for Week Ending 8/21/26”
SNDK is in a short-term downtrend with no clear direction; caution advised, but a pullback to 1450 could lead to a larger rally.
Same with Sandisk. Um but what I'd like to see is, you know, a little bit further pullback, just kind of shake the trees a little bit, perhaps down to 1450, and then get that 5-day moving average flattened out, then you could see a much bigger rally unfold in there.
Right now, we just don't we don't have any clear direction. This rally has, you know, this the pattern of higher highs and higher lows above the rising 5-day moving average has been replaced with lower highs and lower lows with what?
A flat declining 5-day moving average. So, it pays to say stay on the sidelines here for now.