SanDisk and Micron are stuck in a sideways range at the bottom! Is a lack of volume-driven oscillation a bottom-building phase, or just a continuation of the downtrend? Don’t get tricked into “going long” by fake stability!

After semiconductors officially entered a technical bear market, are the two storage giants really bottoming out, or is this just a downtrend continuation?

$SNDK ：
On the daily timeframe, MA7, MA25, and MA99 are all capping the price from overhead, holding it below the moving averages. Although it bounced from 1310 to 1406, it quickly fell back after topping out—an archetypal weak rebound structure. On the 4-hour chart, the MACD is stuck below the zero axis, sticking together, while volume keeps shrinking; there’s no signal of any breakout with strong volume. The longer it goes sideways, the higher the probability of a downside break.

$MU ：
MA7 is pressing down from above, MA25 is basically flat, and MA99 is supporting from below. It’s a bit stronger than SNDK, but overall it’s also trading sideways at low levels. After rebounding from 805 to 861, it fell back to 854—again, a pattern of a shrinking-volume rebound and a low-volume, no-volume consolidation. Without volume confirmation, it’s hard to form an effective breakout.

News flow:
The semiconductor sector as a whole is still in a technical bear market. After the Philadelphia Semiconductor Index plunged more than 20% from its high, there is still no clear selloff-stopping signal. The conflict between Iran and Israel has continued to escalate, oil prices have climbed above 83, and macro uncertainty remains. Funds are still rotating out of high-volatility semiconductor names into safe-haven assets.

Mig long/short two-way trading strategy:

SNDK：Short on bounces—try entering shorts around 1370-1380; for a more steady approach, re-enter in the 1390-1400 range. For longs, wait for stabilization around the prior low at 1340-1320, then try longs with a light position.

MU：Short on bounces—enter lagging shorts around 860-865; for longs, after it stops falling around 835-840, consider entering a light long position again.

Personal view:
Brothers, going sideways doesn’t mean the selloff has ended—sideways trading without volume is basically “waiting to die.” SNDK and MU are both still under moving-average pressure. Each rebound is weaker than the last, and that kind of trend often signals there’s still another drop. Don’t get fooled into “boarding the train” by illusions of a “bottom.” Wait for a breakout with volume above the moving averages before acting. Now, watch more and trade less—go short with the trend as the priority.

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