X discussionSanDisk ($SNDK) just printed five straight red sessions, tying its longest losing streak since the 2025 spin-off, and trades near $1,500–$1,530 after sliding roughly 35% from the June high. Traders care because the same lower-trendline setup last preceded an 80% three-week rally, so a hold or break here decides whether the AI-memory winner resumes or the correction deepens.
BullThe lower trendline is the buy zone again, and the last time SanDisk logged four red days into that line it soared 80% in three weeks. Citi still sees memory undersupply lasting through 2031 as makers divert capacity to HBM and DRAM, leaving NAND tight for AI storage.
BearThe daily structure stays bearish after a 57% crash and an 82% relief rally, and filling the $733.50 gap would mark a 69% correction from the all-time high. The August surge was a dead cat bounce whose top is already in if price loses $1,462.
Posts
Bull evidence
@BarchartThe last time SNDK went four red days into the lower trendline it soared 80% in three weeks
@Sam_BadawiCiti expects memory undersupply through 2031, bullish for SNDK as NAND stays tight for AI SSDs
@aleabitoredditSNDK's 50% FCF and 80% gross-margin path into 2030 make Leopold's memory book the inverse-Cramer trade
Bear evidence
@JesseOlsonDaily chart remains bearish; filling the $733.50 gap would be a 69% correction from the ATH
@strikescanThe prior rally was the top of a dead cat bounce; bulls cannot afford to lose $1,462
Context
@BarchartSanDisk has traded red five straight days, tying its longest losing streak, and must hold the lower trendline