How Verified Investing’s view on $SNDK changed

2026-09-04Bearish

“100x Leverage on Apple & NVIDIA? Pro Traders Risk it All”

Shorted SNDK on bearish technicals; position is losing money due to unexpected upward movement/breakout risk.

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. Five bucks on sand is nothing.

Watch the source32:13

2026-09-04

“Lululemon Beat Earnings By 63% And Still Crashed 20%”

SNDK faces strong resistance near $1800/$1786 gap fill next week despite current rise on low volume.

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.

Watch the source05:44