Sandisk Corporation (NASDAQ SNDK) is trading around the $1,915 mark, driven by massive AI-driven demand and recent multi year flash storage deal with Meta. Wedbush recently raised their price target for SNDK to $2,000, citing strong NAND pricing, while B of A securities maintains a buy rating with a target of $2,500.
Technical Outlook:
Stock recently broke below the trend support line, after a couple months of bullish surge. Price just made a retest of breakout, in respect of the structure, as we anticipate a bearish retracement within $1,955-$2,052.
Key Points:
A clear reverse at this point, activates a sell position down to $1,551, as next potential bearish.
Thanks for reading.
Technical Outlook:
Stock recently broke below the trend support line, after a couple months of bullish surge. Price just made a retest of breakout, in respect of the structure, as we anticipate a bearish retracement within $1,955-$2,052.
Key Points:
A clear reverse at this point, activates a sell position down to $1,551, as next potential bearish.
Thanks for reading.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.