SNDK inverted head and shoulders breakout confirmed above $1,663; target $2,625.02.
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SanDisk is following in Micron's footsteps on the upward trajectory of the chart. Now, you can see that SanDisk also has an inverted head and shoulders pattern . This chart is somewhat like a "micron," excuse me, with a very short left shoulder and a somewhat double right shoulder on the charts.
But he still behaves very well at the neckline. Just like "Microne," where we were trading below this neckline earlier today. In fact, we closed below that level yesterday. Therefore, we were able to confirm that a collapse occurred today.
But right now, the price is comfortably above this neckline at $1,663 on the charts.
If we continue the breakout with SanDisk, this inverted head and shoulders pattern has a target and measured move near the top of the parallel line at $2,625.02. Therefore, there are many interesting potential opportunities on the horizon.
What this channel has said about $SNDK
Verified Investing has 7 calls on this stock; only the adjacent ones are shown.