SNDK Long — $SNDK pulling back into the breakout shelf near $1,9Sandisk CorporationNASDAQ:SNDKmnktrdSNDK's 4h trend is firmly bullish — a sequence of higher highs and higher lows from the April lows near $1,275 all the way to the June 15 all-time high around $2,120. The stock broke out of a multi-week base in late May and extended cleanly through $2,000 before the current two-day pullback. On the 1h, price sold off from the $2,167 high on June 16 and has spent today testing the $1,938–$1,992 zone, which corresponds to the prior breakout shelf from June 12–13 and the round-number $2,000 cluster. The most recent 1h candles show buyers defending the $1,938 day low and price recovering back toward $1,992, a mild bullish response at a meaningful level. The stop sits at $1,910, just below the June 17 intraday low of $1,938 and cleared by roughly half an ATR, placing it outside normal noise. The first meaningful supply ceiling is the $2,100–$2,120 zone (June 15 highs), and Bank of America's $2,100 price target aligns there; the target is placed slightly in front at $2,160, the top of the June 15 daily range, which is the next well-tested structural high. That gives a risk of $82 against a reward of $168, clearing the 2.0 R/R threshold. The bull case is reinforced by strong fundamental momentum — 251% revenue growth, multiyear hyperscaler supply agreements, and broad analyst consensus with 18 of 22 carrying Buy ratings. The put-heavy options skew (SOIR at 99th percentile) and the residual 7.74% short float provide a potential squeeze tailwind if price reclaims $2,000. The broader market is in a long-leaning tape, which supports the pullback-into-trend read. The earnings event is 57 days out and does not threaten a near-term swing hold. 📍 Entry: 1992.00 🛑 Stop: 1910.00 🎯 Target: 2160.00 ⚖️ R:R: 2.05