$SNDK SanDisk plunges 7% in a day! Don’t rush to catch the falling knife—this move isn’t over yet

Bro, tech stocks have really been a mess lately.

SanDisk directly dumped from 1591 to 1411, a drop of nearly $200—how many people bought the dip and ended up calling for help halfway up the mountain? On the news front, the US-Iran conflict has spooked the market, and Trump’s tariff “bat” has been swinging around everywhere. The “seven tech giants” saw a single-day market value loss of 800 billion, and Tesla fell 18% over the week. Concerns about AI capital expenditure smashed the entire semiconductor complex, and stocks like SanDisk get hit hardest by this kind of sentiment kill.

Looking at the tape: even though today’s low of 1411 seems to have held up temporarily, MA25 is at 1502 and MA99 is at 1559—overhead is all resistance lines. It’s a typical bearish alignment, and trying to V-recover straight away is harder than reaching the sky.

Mig’s trading plan:
Conservative: short on any rebound into the 1480 - 1500 range.
Aggressive: enter a short position around 1460.

Personal view: Don’t blindly buy-the-dip in a bearish trend. I also haven’t seen any sign of easing in the news flow—this stock will likely need to probe lower a bit more.

In this market, it’s better to miss than to make a mistake—wait for signs of stabilization before acting.

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