$SanDisk Corp.(SNDK)$ Sentiment looks bearish, but what's actually happening is consolidation of liquidity, and buyers did step in last week. With the uplisting, shorts are scared and will try to squeeze out a couple more percent. But this setup should burn them. Forget the news and market conditions, this is going to run. Volume should be huge, and the company could help by buying back shares at the same time, which would be a smart move. The stock is severely oversold and beaten down, so it finally looks ready to run again.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments