SanDisk – Trend Break, but T1 Still IntactSandisk CorporationBATS:SNDKscorpirisThis is primarily a technical analysis, but it also includes some fundamental considerations. SanDisk was in a steep uptrend (T2) from the beginning of March, which the stock broke down from on July 15. Note that there was a divergence between price and both volume and RSI 21. This may have provided an early warning of the subsequent break. It appears that, following the break, the stock may be stabilizing in an earlier, longer but less steep uptrend (T1). The latest top in the new trend coincides with increased volume, but so does the preceding bottom, so it cannot be said that the advance is supported by volume. However, RSI 21 is providing some support. For the time being, there is also support from the 50, 100 and 200 SMAs. The price is below a red Ichimoku cloud, which weakens the stock. A significant break in relation to the current trend (T1), either to the upside or downside, could establish a new direction. The stock is considered slightly positive in the medium term, one to six months. Fundamental analysts are predominantly positive on the stock. With a P/E of 20, the stock does not appear excessively priced. There is a shortage of memory for data centers. “SanDisk aims to transition from being a cyclical memory company to becoming a supplier of AI infrastructure, with a long-term goal of double-digit revenue growth and higher margins.” See Q4 2026. Disclaimer: I have a position in the stock. Note: You should conduct your own research and assessment before buying or selling securities.