SanDisk is rising—an oversold rebound after the sharp plunge last Thursday. This is a technical repair rather than a trend reversal. This week’s weekly candle may still close higher, but it’s mostly a buffer against last week’s large bearish candle. From a long-term perspective, the rebound within the 1315 to 1650 range is still in the pattern of a downtrend continuation; a real reversal will require the price to effectively break above and hold the 1800 level.

In the short term, 1650 is an extremely strong resistance level. Upward momentum is expected to face significant resistance here, making a direct breakout unlikely. On the downside, 1500 support should be重点关注. If it breaks below again, a new round of selloff will likely begin, and the market will most likely test the lows again, with a risk of breaking through further. $SNDK