Look at SanDisk on Friday up over 10%. Today it's going to try to break out above this downs sloping or desop uh descending trend line. High pivot here. It's a high pivot. Can it break?
Right now it's going to open above there. If it does, I think this could go honestly we could see this thing back to 2275 or so up in this upper range in the near term.
Yes, the memory business is still profitable. If you recall, we were on your show about a year ago and we were saying that a lot of money is flowing into all these memory company names, including Micron and SanDisk.
Cash flows remain stable in these companies. If you look at the picture of projected earnings for next year and the coming years, they continue to rise; Even before this video, I had to adjust some of our charts because analysts keep raising their earnings forecasts.
Therefore, we still view the memory sector positively.
Speaking of hacks, look here at "Sandis". We have a left shoulder, a head, and something resembling a double right shoulder . It was rejected and the inverted head and shoulders pattern initially broke out here on September 8th and 9th, but we broke out on Friday.
We didn't confirm it yesterday, but we did today, guys.
