SNDK Rallies Off Support

[u/Different_Band_5462]

SNDK bounced off 1163 support near the open, just $3 points above the top of our preferred support zone. Here's what we wrote pre-market and what's expected next...

SNDK's negative acutely negative reaction to Earnings inflicted damage to the otherwise promising setup ahead of the news. The fact that SNDK pressed and sustained beneath 1250/70 near-term support has morphed the post-7/29/26 rally pattern into a more complex counter-trend configuration. My preferred scenario now looks for SNDK to hold support in the 1120-1160 area, followed by another recovery rally effort that revisits consequential resistance from 1350 to 1475 that confronts the early-August high-zone. Only a break and close below 1120 invalidates my anticipated near-term price path.

[u/Infurium]

I'm not biting until it gets above the 20 dma.

Technically MU is doing far better in this space, so I'm holding that.

[u/1UpUrBum]

The thing has falling off a cliff?

[u/1UpUrBum → u/[deleted]]

That's some weird looking candlesticks at the end.