SanDisk SNDK Review: This drop looks more like a strong pullback! SNDK's fundamentals haven't deteriorated. This is more of a triple cooling-off period after consecutive surges, driven by valuation, profit-taking, and U.S. stock market liquidity. As analyzed yesterday, SNDK has pulled back as expected to the strong support zone of $1550–$1600 during the sentiment cooldown. As long as SNDK holds above $1500, the medium-term uptrend structure remains intact. OKX At this level, previous short positions can consider taking profits. Stay cautious and wait for opportunities to test small positions on the right side. Last night's big red candle just returned to the upper edge of the previous high-volume area. What needs to be confirmed here is whether the previous resistance level can turn into support. For now, it looks more like profit-taking and position rotation after a rapid rise, rather than a typical top structure. The macro environment last night was indeed unfavorable. Oil prices rose, U.S. Treasury yields climbed, and both the Nasdaq and semiconductor sectors adjusted in sync. MU dropped nearly 7%, and SNDK fell 9%. This explains why funds chose this moment to cash out, but it doesn't prove that the AI storage narrative is over. Moving forward, focus on three key levels: - $1600: Bull-bear dividing line. Holding this level only stops the decline. Reclaiming $1680–$1700 confirms the rebound. - $1500: Trend stop-loss. A 4-hour close below this level would signal a failed support-resistance flip, invalidating the medium-term bullish thesis. - $1420–$1450: While there's trendline support here, it requires further observation and isn't a level for mechanical dip-buying. So here's my plan: Wait for stabilization signals between $1550 and $1600, test small positions; use $1500 as the logical stop-loss; consider adding positions only after reclaiming $1700. SanDisk has cooled off in the short term, but the medium-term trend hasn't broken down yet. This isn't the time to go heavy and bet on a reversal, nor should we declare the trend dead just because of one big red candle. First, see if $1600 holds, and let the price give us the answer.