SNDK Long — SNDK breaking out above 1063 on NAND pricing momentuSandisk CorporationNASDAQ:SNDKivvixSetup: On the 4h, SNDK has been in a sustained uptrend since December, making higher lows and higher highs through the entire range. The most recent 4h structure shows a clean breakout above the 1000 psychological level that held as support before accelerating. On the 1h, price gapped up on Apr 27, pushed through 1050 resistance, and is now printing continuation candles in the 1060s with a strong green open bar. Volume on the breakout day is elevated relative to the prior consolidation band between 900-950, confirming institutional participation in the move. Flow: The symbol context is strong — Melius buy initiation and Cantor's $1,400 target on NAND pricing strength put fundamental wind behind the chart. Options flow is mixed but notable: large BuyToOpen put blocks at the 1000 and 1200 strikes in May monthly expiry likely represent hedges by holders of long stock, not outright bearish bets — the delta imbalance is bearish in aggregate but the call side shows fresh buying at 1025C, 1045C, and 1140C on the ask. The 1140C May block buy ($626K premium) is directionally aligned with the thesis. Semis/AI-memory leading the tape in the current market bifurcation is a tailwind. Plan: Stop is placed below the breakout shelf and the prior 1h consolidation low around 1030 — a close below there invalidates the breakout thesis and suggests a failed move. Target is the Cantor analyst level cluster around 1140, which also coincides with elevated open interest and the next visible supply zone on the 4h. R/R is approximately 2.4:1. If price stalls and reverses back below 1048 on a 1h close basis, reassess before stop is hit. 📍 Entry: 1063.44 🛑 Stop: 1032 🎯 Target: 1140 ⚖️ R:R: 2.44