Schwab Network on $SNDK (Oct 30, 2026)

SanDisk is under significant pressure, and is still down about 10.5% despite exceeding profit expectations. I mean, they've achieved 61 % growth, I think, in the data center. Their profit margins exceeded 85%.

I mean, do you still love SanDisk despite the sales?

Yes, and I apologize for the sudden question I asked you, Marley. If we text each other a lot, you'll know that I'm one of those people who don't care about typos . I only write what the phone dictates.

I sent you SNDK; that was a phone error, not my fault. I meant SanDisk. So, I apologize for surprising you with this question. Neglected text messages. But, as for Sandisk, yes, I mean exactly what I said.

You know, she's a force in every field . I truly believe she is a victim of that risk-averse trading model I spoke about. I mean, look at that graph over there . It was very difficult not to buy this stock at any time during the past 18 months and not make good profits.

Obviously , if you chase the top, the story will be different, but it remains one of the strongest charts out there. You know, this stock was among the most frequently mentioned by me in "The Big Three" last year.

It has seen a very strong rise. What I like about it, just like Amazon , is that I think we have a very clear breakdown level here, around the current price, around 1200. So, above that level, I think we have a good potential for a bounce.

Below that level, the situation will become bad. Then add to that the fact that they have just announced a stock split. Um, you know, that doesn't change anything . Stock splits often confuse small traders a lot.

They become extremely excited. I mean, the truth is there are a lot of small traders. I work with many of them. As I've been talking about SanDisk all last year, they've been saying, "Oh Tim, the stock price is $500, $600, $700, $800, or $900.

I agree with you, but you know , my account is small. I can't really trade it." So, we've seen this a lot with stocks that split their shares, which just reduces the cost per share and doesn't change the market value or anything, but it makes trading accessible to a lot of small traders who simply couldn't trade more than, you know , fractional shares or one or two shares of SanDisk.

So, this opens up the field somewhat and creates that kind of fear of missing out (FOMO) trading. And listen, we know that, going back to the beginning of this, Nasdaq will now adopt 23-hour trading for institutions.

I mean, since Covid, the market has become driven by small traders. So, when you combine the chart with the long-term trading activity and that segmentation that makes the stock available to those who move the market, as long as it can hold at 1200, I like that trend for next year and beyond.

Tim, if you had traded that instead of SanDisk and we were talking about SNDQ, which is SanDisk's double- per-day inverse fund, your profits would now be 21.2 % with this move.

Forget everything you just said. It doesn't matter. Let's go back to "SanDisk". I just wanted to point out that FNDX is up 21% today, but we're talking about SanDisk, which is down 10.5%.

It is not an inverse fund with double daily leverage . But, let's look at this stock, KG, because these numbers were undeniably good . Expectations were higher, but there are some concerns about weak consumer demand for this name.

I mean, what do you see in the technical setup here? What levels stand out to you?

Yes, this stock is a bit confusing here. So, let's just look at the technical aspects. You can probably reach your own conclusion here, because I can give you an upward scenario, and I can give you a downward scenario.

It's clear that the stock has been rising very rapidly over the past year or so. I mean, you're talking about a stock whose price went up from about $183 to about $2,350. I mean, the sustainability of this move for a company in the memory sector is extremely rare.

We have seen the stock reach record highs and lows simultaneously. Once it reached the $1900 level, you started to see a lot of volatility and a lot of fluctuations, and then the market failed to maintain its momentum, breaking the 20-day and 50-day moving average levels.

Now, we have found some support relatively close to the 200-day moving average. Let's say around $1000. I would say that this is your dividing line if you are optimistic about the stock.

So, you probably still have some room to land here. But if you break the $1,000 barrier, then things become risky. We have witnessed a kind of reversal of the trend. You could call it a bit more of a flag pattern.

It was unable to climb above the 20-day and 50-day moving averages and stabilize above them. We have broken the support level. Right now, we are trading below the 200-day moving average.

The $1000 level must hold. Here's why I say this is a little complicated. I have experienced this bearish divergence for the greater part of this year for the stock. We were making lower peaks in the Relative Strength Index (RSI) while the stock was making higher peaks.

We are seeing this correction now. Unfortunately, right now, in fact, if you look at October, we are making higher lows in the Relative Strength Index, which now makes it a bullish divergence, which makes it more difficult.

The MACD indicator, I would say, has started to stabilize, but let's assume it has gained some positive momentum here. You can see an intersection there. The stock appears to be heading towards the $1,000 level on the daily chart.

On the weekly chart, the 50-week moving average should hold. Again, let's say a thousand dollars to make it easier for everyone. But if we break through that level, you are looking at the next big volume node which lies at around $650.

This is the problem with this stock. If you look at the three- year weekly chart, the majority of the trading volume for this name is still at $69.24. So the price movement was trending upwards, but the volume did not actually support this price structure.

Here you feel a little worried that this decline might continue. The Relative Strength Index (RSI) on the weekly chart is recording lower highs and lower lows. The MACD is forming negatively with the 12-period exponential moving average falling The $1000 level must hold.

This is the problem with this stock. If you look at the three-year weekly chart, the majority of the trading volume for this name is still at $69.24. So the price movement was trending upwards, but the volume did not actually support this price structure.

The Relative Strength Index (RSI) on the weekly chart is recording lower highs and lower lows. The MACD is forming negatively with the 12-period exponential moving average falling below the 26-period average.

This stock is not rising because of a stock split, which does not change the fundamentals, but retail traders love it. This also raises a little concern. It's the kind of thing that doesn't usually happen.

We usually get a slight bounce because of that split. Today, this is simply not the case.

Yes, that is not the case today. We are down approximately 11% when looking at SanDisk right now.