Hey everyone,
$SNDK is up 9.67% – but I see resistance ahead!"
SanDisk is looking strong today, up 9.67% to $1,755.86. The 24h high is $1,800.00 and the low is $1,562.50 – that's a nice move. All EMAs are tightly packed – EMA5 at $1,756.38, EMA10 at $1,757.07, and EMA30 at $1,755.12 – price is hovering right around them, which signals consolidation. MACD is negative at -1.40, with DIF (1.05) below DEA (2.45) – momentum is slowing. Volume is also declining, a sign that the rally might be running out of steam. With resistance sitting at $1,800.00, a rejection here could send price back toward $1,734.02 and $1,709.29.
Trading Plan:
· Entry: $1,755 – $1,757
· Stop Loss: $1,790
· TP1: $1,735
· TP2: $1,710
· TP3: $1,685
👇 Do you think SNDK will break $1,800 or pull back? Drop your thoughts below!
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