Traded Value260220 Pre-market/SanDisk's absolute win rate is about to come again
$Sandisk(SNDK.US) stock price is oscillating upward with high volatility, originating from $Western Digital(WDC.US)'s successful sale of $3.1 billion worth of shares at a price of 545. The buyers of this deal are those seeking short-term profits.
The stock price is also approaching 660, which is a resistance level. If it breaks through and stabilizes between 660-668, I believe it will create an illusion and false appearance of an imminent breakthrough at the 725 price level. Even though the stock price appears to be rising, it still cannot change the fact that the business has entered a stable period. Therefore, I am more bearish between 660-668, but do not rule out a small probability of approaching 725.
After this small rebound, I believe its stock price will still gradually decline, and the turning point for a downward trend will be after the Q1 2026 earnings report is disclosed.
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