28th evening analysis



SanDisk is down more than 10% today, with the current price at 1193. During the session, it tested a low of 1166. It has been falling steadily all the way from 1484, and the drop is clearly noticeable. Net capital outflow is over 54 million, and the sell pressure is significant.

Below, 1166 is a key short-term support. If it breaks, there could be further downside. Above, the 1290-1300 area has turned into a resistance zone.

On the news front, there are rumors about “Samsung planning an ADR,” which may trigger short-term speculation, but the actual impact is still uncertain. Overall, market sentiment is cautious. Overall, SNDK is in a weak, range-bound consolidation after a sharp sell-off.

Personal suggestion: buy a small position around 1160-1180, with a target of 1270-1300.
SNDK-15.57%
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