$SanDisk Corp.(SNDK)$ This might be one of the cleanest examples of the entire bull cycle.
A 7-week consolidation from November 10 to January 2.
Then a 9-week consolidation from January 30 to April 7.
Those sideways periods weren't flaws in the trend. They were the trend.
The biggest moves didn't come from nonstop vertical action. They came after pauses, tighter ranges, digestion of prior gains, and the rebuilding of entries before the next leg higher.
A lot of traders lose interest the moment momentum stalls for a few weeks. But strong leaders often spend a surprising amount of time doing nothing.
Consolidation isn't weakness. In many cases, it's the structure that allows the next expansion to happen.
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