1860 US dollars for the $SNDK , are you brave enough to chase it?

Over the past 52 weeks, the low was $40 and the high was $2354—a 58x surge. From June to July, it pulled back 30%-40% from the peak, dipping to around $1700. Then a huge bullish candle lifted it back to $1866 on heavy volume. The strong support between $1700 and $1750 held. The RSI rebounded from the oversold zone, and the moving averages started converging—pullbacks are over. The second wave of the main uptrend is coming.
First: This is not a concept coin. It’s a “storage-version NVIDIA” with real performance.
Many people treat SNDK as an AI concept stock for hype—I can only say you didn’t understand.
What’s SanDisk’s current status?
All production capacity has been fully sold out by 2026, with bookings booming for 2027
NAND spot prices rose 60%-75% quarter-over-quarter
Remaining performance obligations exceed $40 billion (plainly: orders are stacked up)
Revenue up more than 200% year-over-year—from losses to high profitability
Second: A 30% pullback—opportunity or trap?
From $2354 down to around $1700, SNDK dropped more than $600. You think it’s a breakdown? Let me tell you why it fell:
Samsung’s earnings missed expectations, dragging down the whole storage sector
Some institutions took profits
SK Hynix’s Nasdaq listing diverted capital
But do those things have anything to do with SanDisk’s fundamentals?
No.
Is production capacity sold out?
It’s sold out.
Are 2027 bookings booming?
They’re booming.
Third: A technical signal has appeared that must be taken seriously.
The $1700-$1750 zone is prior-lows + moving-average convergence + Fibonacci support. It has been defended multiple times. Today/soon, a big-bodied bullish candle with high volume appeared—this is a classic bottoming-and-rebound signal.
But don’t forget—SNDK was just smashed down from the $1900-$2000 area. If the rebound can’t break above $2000 with volume, there may be a second dip.
Key levels
Resistance overhead: $1900-$2000 → $2200-$2354 (prior highs) → $2500-$3250 (institutional targets)
Support below: $1700-$1750 → $1400-$1600 (extreme case)
Conservative watchers:
Wait for a high-volume hold above $1900-$2000 before following; if it pulls back to $1700-$1750 and confirms support, try a small long position
Short-term traders:
Longs: build positions in batches near $1700-$1750, stop loss below $1680; first target $1900-$2000, second target $2200-$2350
Shorts: if $1900-$2000 meets resistance on declining volume, take a small short position; target $1750. But don’t heavily short—fundamentals don’t support a big drop
Medium/long-term trend followers:
DCA in batches in the $1700-$1800 area (systematic buying); bullish on the AI storage super-cycle. Target $2500+ by end of 2026, and $3500+ in 2027. Set stop loss below $1600
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