SNDK Moderate Bull at 638 Bouncing 35% Off Deep RetraceSandisk CorporationBATS:SNDKstingrayeaSNDK is trading at 638.52 after a massive -11.9% retrace that produced a 35.5% bounce at 3x recovery with a confirmed breakout. This is a stock that got hit hard, bounced harder, and now has to prove the move is real. The retrace-to-bounce ratio is the headline here. An 11.9% drawdown followed by a 35.5% recovery at 3x means buyers stepped in with serious conviction off the lows. That kind of snapback doesn't happen without aggressive demand. The breakout is confirmed which adds structural weight. Bias is moderately bullish at 60.7 to 39.3 with 50% clarity and an extreme breakout flag. Total signals read 34 green to 22 red out of 112. EMAs are clean at 6 to 1. Ichimoku leads 9 to 4. Counter-trend is solid at 9 green to 5 red with engulfing signals at 0 to 3 bearish — some reversal patterns are printing but not dominating. The spread is 21.4% moderate. Pattern totals lean bullish at 3 to 2 with harami signals at 2 to 1 confirming accumulation patterns. Candles are the weak spot — dead even at 7 to 7 with a DD/SS of 3 to 1. Short-term price action is conflicted even while the broader structure leans bullish. Star signals at 1 to 0 green and the 3Sold reading at 0 to 1 show minor distribution signals popping up within the move. No squeeze is active. Bandwidth is at 34.01% which is wide — this pair has already expanded significantly. Momentum is bullish but pointing lower. After a 35.5% bounce, some cooling is expected. The question is whether this consolidation leads to the next leg or a rollover. No volume or futures data visible so the read is purely structural. Without volume confirmation on that 35.5% bounce, it's impossible to know if the move was driven by genuine accumulation or just a short covering rally. That distinction matters for sustainability. Bullish scenario — the extreme breakout holds, the 3x recovery ratio establishes a higher low, and SNDK continues to build on the momentum. EMAs at 6 to 1 and Ichimoku at 9 to 4 support continuation. A consolidation near current levels that holds above the 50% retracement of the bounce would be constructive. Look for candle signals to break the 7 to 7 tie in favor of bulls. Bearish scenario — the 35.5% bounce was a dead cat and the 7 to 7 candle stalemate resolves bearish. The engulfing signals at 0 to 3 red are early warnings of a potential reversal. With bandwidth already wide at 34%, the expansion may be spent. If price rolls over and breaks below the midpoint of the bounce, the retrace resumes. The setup favors bulls on structure but the candle indecision and lack of volume data inject real uncertainty. The retrace was deep enough and the bounce strong enough to warrant attention, but chasing a 35.5% recovery without confirmation is risky. A pullback that holds above the prior demand zone is the cleaner entry. Let the breakout get retested before sizing in. More analysis on my profile. Tags: SNDK, SanDisk, breakout, bounce, retrace, moderate bull, recovery, stock market