Cash Flow Machine | Mark Yegge | Wealth Architect on $SNDK (Nov 2, 2026)
SanDisk has formed a bearish ABCD pattern on the weekly chart after a big prior rise. It must hold its 200-day / 40-week moving average but trades below it, so the overall trend is downward, and the decline could be as large as the prior advance, with lows the speaker floats near 485 from 1150.
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Let's take a look, you know, at some of our favorite stocks from a few months ago. You can see SanDisk . Let me put it on the weekly timeframe so that the picture becomes clear to you.
Let me remove the Fibonacci indicator from here. So, SanDisk , you know, did a really good job . We wish we could have been a part of all this progress, wouldn't we? And now it forms a bearish ABCD pattern.
I mean, you might not believe this now , but maybe you'll look at this video later and say, "485, you're crazy. It's at 1150." Well, that's what she seems to be doing . Now, she first needs to maintain a 200-day moving average or a 40-week moving average .
Right now, as you know, this morning before the opening, we are trading below this level. Therefore, the overall trend is downward. Yes, this is the opposite of this great rise, but just as you didn't think it would reach all this high, you wouldn't think it would reach all this low.
But she tends to do so sometimes. So, you just need to learn to monitor what's happening in the market.
What this channel has said about $SNDK
Cash Flow Machine | Mark Yegge | Wealth Architect has 3 calls on this stock; only the adjacent ones are shown.