SNDK: Stock Heading Down To Its Major Support Zone

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SNDK: Stock Heading Down To Its Major Support ZoneSandisk CorporationBATS:SNDKBlaisefxacademySanDisk Corp (SNDK) closed at $835.06, up +3.55% (+$28.63) in the most recent trading session, trying to stabilize after a volatile week driven by broader tech sector selloffs and post election market shifts. While second quarter sales surged significantly year over year and the company posted strong earnings and guidance, investors remain cautious over slowing NAND price momentum and sector wide cyclical concerns. Technical Insight: SNDK has been scaling down for a couple weeks now, breaking below its partial trend lines and support levels in respect to the framework. Price is now approaching a principle demand and support zone, as we anticipate a strong pullback. Key Outline: A clear reversed confirmation between $568-$750, triggers a buy position eyeing 1,324.72, as next potential bullish. Thanks for reading, have a great weekend!