Verified Investing on $SNDK (Nov 4, 2026)
SanDisk keeps declining as data-center pressure rises after Democrats took the House and Senate, tied to how many data centers get built and possible restricting legislation; it fell 7.7% today and the chart trend is straight down. Support sits at $942.89, a 78.6% Fibonacci level matching April's consolidation range; a technical bounce back to the lower pivot and consolidation range is likely if selling continues.
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Next up, guys, we have the company "Sandisk". SanDisk continues to decline as pressure on data centers increases now that Democrats have taken control of the House and Senate , and the pressure on data centers relates to the number of centers that will actually be built.
Will there be legislation on the horizon that prevents or at least restricts the number of data centers to be built in the future? So you see these stocks in the memory sector and this stock in the storage sector, with SanDisk notably down 7.7% today.
Today we have already filled this gap at the $1015 level, and since then the price has bounced back upwards, but I see a very good support level on the horizon at $942.89, which is the 786 Fibonacci retracement level that also coincides with the consolidation range and price action recorded here in April of this year.
I expect that if the selling continues. Now look at that. We paused briefly, and the reason for this pause is that we were at the bottom of this parallel ascending channel . Apart from that pause, there was really nothing else to report.
The trend has been straight down on the charts, and we are likely to see a technical bounce that could take us straight back to the lower pivot point and consolidation range here at $12.44 and $0.58.
What this channel has said about $SNDK
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