7 month phenomenal run, finally flashing an end

TradingView2026/04/30 06:39

By:TradingView

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Sandisk has been on a tear, growing almost 30x in just 7 months (beat that !).

Now bad news, the wave count appears to be coming to an end at 1150 level (still 15% of upside pending !). More bad news is that it appears to be wave 5 of the cycle, which means the correction will be quick and will lead to decent percent drop.

Good news - The strucutre Sandisk made shows the drop will still get it to only where it was just 3weeks ago, i.e. a 38.2% retracement only.

Wait and put this stock on a watchlist for a good entry very soon.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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7 month phenomenal run, finally flashing an end

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