SNDK

SanDisk SanDisk real strong yesterday I actually bought a decent amount of SNXX which is a you know kind of a um it's a it's a it's a 2x right is it a 2x or a 3x anyway um but anyway Okay.

Um, it was a little easier than buying 1796. I just felt like I have a bunch of things on. It was easier to buy SNX. And percentage- wise, it's more. You just need a lot more shares.

Anyways, double. So, with that being said, I feel like um SanDisk uh could make a move, especially if the semis get better.

Oh, one other chart I wanted to show with a inverse head and shoulders pattern, guys. Look at SanDisk. This is obviously one of the cousins to MU. Now, the key thing here on SanDisk, too.

We've been meandering right here on the neckline, much like MU consolidating, putting in that bullish consolidation. Investors weren't sure which way MU was going to send its stock and then likely drag down or push up this cousin in SanDisk.

And right now, price is maintaining above this inverse head and shoulders pattern. patter. Now guys, a quick and easy way to draw a measured move in case you don't know, after you draw the head and shoulders pattern, take your uh trend line tool down to the bottom of the head and take a straight line up to the neckline and then draw and drag that trend line over to the point in which price broke on the neckline right there.

And then boom, that gives us our targeted measured move above $2600, which somewhat makes sense. We've got an inclining parallel channel that goes along with that highlighting that this area will be resistant should price continue to barrel up towards those levels.

SNDK has already gotten above the key trend line for its breakout. And look how well the last two days of trading have been doing to stay above that trend line. Now, this breakout comes with the measured move at $2,600.

SanDisk has now stopped the intensive sales we have seen. It is now in a stabilization phase , and moving sideways. It looks to me that it might rise a little from here.