SNDK

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.

I want to talk about some memory and data storage stocks like SanDisk, Micron, and the like.

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.

We got to talk SpaceX. We have to talk SanDisk. Uh right now I got VKTX long, GME, SanDisk, WDC, STX.

SanDisk also looks like it's about to really go crazy it's it's up almost 7% today

SanDisk is pretty. MU is pretty. Intel is pretty. AMD is really pretty but all-time high already. Uh those are those are really pretty charts I think.

There are opportunities, as was the case with SanDisk yesterday in particular , whether by chasing the gap, waiting for the VWAP, or restoring here. The stock was very strong today.

It did not even fall near that volume-weighted average .

So, for SanDisk, we have a clear model here. This looks like an ascending triangle. I mean , if it had broken through here, I would have called it " The Cup and the Handle". Now, he has an ascending triangle.

I have no SanDisk. I have no SNX.

You know, SanDisk is being pressured also. You know, a lot of guys caught a really nice trade and here, you know, that was different. You were above the moving averages. You had a move and yeah, I could see why you would be along a little bit of this too.

You know, it's showing a little relative strength in in a in a vulnerable market. So now here you go. This is um what's this level here? This is uh 1509. Um what is this level here?

This is 1511. Where is Sandis this morning? SanDisk is um still, you know, it's still above that. So, not the end of the world. Hopefully, again, you're in smaller like that. What you want to do is you want to get smaller after a move here.

You're maybe in tier one here, tier 2 into resistance, which is 1827. Perhaps you took some off. So, at least you have booked some. That's why we use a tier system. That's why we have a date count rule.

Day one, day two, you're always trimming on day three. You're not starting a fresh long on day three, so that kind of helps.