Sandisk Corporation.(SNDK): Bearish Trend ContinuesSandisk CorporationBATS:SNDKBlaisefxacademySanDisk Corporation (SNDK) stock is falling today, pressured by broader memory sector weakness, analyst target trims, and rising competitive worries. The stock is trading down around $1,207-$1,221 per share in recent sessions. Shares is also dropping following the massive Shanghai IPO of Chinese memory maker CXMT, raising fears of future margin pressure in the global memory market. Technical Insight: SanDisk is positioned in a descending channel momentum, trending plainly on lower lows and lower highs, for a couples of weeks now. Price is currently approaching the low support line, in respect to the structure. We are anticipating a short term buy retracement, between $1,125-$1,170, zones. Key Points: A clear reverse above this trendline support, activates a buy position to $1,490, as next potential high. Thanks for reading.