$SNDK ‌ Continues to move sideways as the battle between bulls and bears begins—who will come out on top?



U.S. stocks are closed, but SanDisk’s popularity remains high. It has been moving sideways without significant capital fluctuations, but the market short sentiment index has reached as high as 76%. Of 10 people, roughly 2–3 are bullish and 7–8 are bearish. I share the same view as those 2–3 people.

Some may ask: After SanDisk’s explosive short-squeeze-like rise, shouldn’t it fall? Indeed, SanDisk’s sharp surge over the past few days has made many people feel that it has reached a position to short. Although I believe conditions for a short squeeze exist, I remain bullish.

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SNDK-2.42%
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