$SanDisk Corp.(SNDK)$ SPX tried to break lower today but managed to close +14 after backtesting the previous ATH at 7620. QQQ also held near 736 and closed at 742. We've seen a 4+ month consolidation in the Nasdaq, so it feels like just a matter of time before QQQ breaks out to 770. Trump can drop news at any moment that the Iran war is over, and once that happens SPX can run 200 fast with QQQ up 40+ during Q4. MU closed up 32. Through 1100 we can see 1150+, and SNDK to 1900 comes into play once it gets through 1800. AMZN has been basing for 2 months — if it holds above 247 it can run to 260 by the end of October. Let's see if Tech/Chip stocks can finally get their breakout in the next 1-2 weeks.
$SanDisk Corp.(SNDK)$ Not sure the lesson is being understood here. We're breaking 1800. It's ramming through. 900 and it might start trending down. Don't fight it.
$SanDisk Corp.(SNDK)$ It was always just a question of time. After two months of pain, we're finally getting back to where we deserved to be. With the help from our friends at $Micron Technology(MU)$ , tomorrow should be a strong move. And thanks to the bears too — that just adds more fuel. Combined with the buyback program, the latest analyst reports, and the S&P 100, the ATH should get matched soon enough.
$SanDisk Corp.(SNDK)$ Memory chip companies have been raising prices because supply is tight and demand is strong. With that in mind, why would anyone bet on falling prices or shrinking margins? The MU CEO said its margin will be up until 2028.
$SanDisk Corp.(SNDK)$ Volume hit its lowest point yet in the last session. It is hard to take this pullback seriously when it looks more like short traders playing with fire, especially with MU earnings just around the corner.
$SanDisk Corp.(SNDK)$ If President Trump strikes a deal with Iran, SNDK could possibly go green by end of day, and hopefully we see a 5% - 10% move up after that. This is my opinion.