$SNDK SanDisk, how should this move play out? Is it a storage-cycle reversal or a rebound fix?
SNDK’s recent price action is actually a pretty representative one. It started sliding from around the 2,300 USD high, then bottomed near 970, and afterward there was a clear rebound. It has now moved back into the 1,170 range.
Many people, upon seeing the first leg of the rebound, immediately think: “Is it about to take off again?” But what the storage sector is watching now isn’t just a simple technical rebound—it’s the underlying industry cycle.
The biggest logic behind this storage market move i