Verified Investing on $SNDK (Oct 30, 2026)
SNDK is down 10% despite a fantastic earnings report, with the eight-to-one split possibly raising dilution fears; after a more than 800% run this year (still up 360%), price is expected to be rejected at resistance around 1275 and the downtrend line near 1312, while selling may find slight support at 1070 and fill the gap at 1015, where an upward trend line converges and the odds support a rebound, with the thousand-dollar level as a barrier.
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Well, we have a little more and we will finish with a great trade. Looking at "SNDK". They also announced their profits and the report was fantastic. We cannot always trust these "Trading View" reports, but nevertheless, the stock is down 10%.
Then there is also the eight-to-one split of SNDK shares, which may make investors fear a dilution of the stock's value . I mean, wow. This stock is still high. It's 2026, guys.
June, we are now in January 1st, 2026 here. During the year, we've gone up by more than 800%. Well, we're still up 360% during the year for SanDisk. So, yes, I can understand why that happened.
Good. Now, let's start with resistance first. I'm looking at this sharp trend line here. This line has been rejecting the price since late September. Good. If we climb back up to this trend line, which has become weak now because we have touched it several times.
Here, we will have two factors of resistance in the upward direction . This pivot point is at 1275 and this downtrend line is around 1312. Well , in this area here, the price is supposed to be rejected.
Good. On the downside, if the selling continues , I expect we will find some support here, some slight support around the 1070 level. So, you see the price react at this level a few times, but then there is a large gap that will be filled at 1015, and this is like a barrier that protects the SNDK to stay above the thousand- dollar level.
Okay, now with this thousand-dollar level , yes, look at this support trend line. Okay, here it is, and this is from November 11, 2025. Let me know in the comments, guys, if you adopt these trend lines or like them, or if you want to criticize me, please let me know.
But here , when going down, the price initially faces rejection , then we trade on it and bounce back up from this trend line. Now, we haven't found any support here since late March.
Therefore, this trend line needs to be strong enough, especially after a sharp move, to potentially give a bounce here. So , yes, at this level around 10:15, 10:17, we have a fill for this gap and the upward trend line converges here. The odds undoubtedly support a rebound here.
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