$SanDisk Corp.(SNDK)$ The stock has a lot of potential, and if not for the current geopolitical issues, it could be at $2600 heading into earnings in two weeks. I see this as a significant buying opportunity. I personally added positions in SNDK, MU, WDC, and SK Hynix last week, with a total investment of over $2.3 million. My view is that last week represented a market reset, and I believe the current setup is favorable. The principle of buying when others are fearful is one I follow, and that's what I did here.
$SanDisk Corp.(SNDK)$ Futures are holding steady, and oil didn't spike to $85. Bitcoin is moving higher. It's a bit surprising, but it doesn't seem like the end of the world. I think there's a chance for a decent rally this week.
$SanDisk Corp.(SNDK)$ I had to double-check the numbers to make sure this is SanDisk and not some money-losing scam. It looks like they have zero debt, and last quarter their profit was $10 million a day—including weekends and holidays. I think I'll hold.
$SanDisk Corp.(SNDK)$ This isn't buying advice. I'm watching for a potential move back up to the $1620 level, which is around the 50% Fibonacci retracement, but only if it can break through the resistance around $1485.
Technical setup update: it wouldn't surprise me to see $SanDisk Corp.(SNDK)$ make another push back toward the $2,000+ level. The key demand zone is still holding, with buyers stepping in consistently on pullbacks. As long as this support structure stays intact, the setup continues to favor a potential move higher. I'm watching for the next momentum breakout.
$SanDisk Corp.(SNDK)$ Earnings are on August 5th, and there have been triple analyst upgrades. From where I stand, there doesn't seem to be a reason to avoid buying on a dip.