Sandisk stock forms a bearish divergence, enters a risky Wyckoff phase

Sandisk (SNDK) shares fell 14% on Friday to the lowest level since June 11, signaling a sharp reversal after a prior bull run stalled. The move suggests meaningful near-term downside momentum for the stock, though no specific earnings or fundamental catalyst was cited in the article.

Analysis

Sandisk (SNDK) shares fell 14% on Friday to the lowest level since June 11, signaling a sharp reversal after a prior bull run stalled. The move suggests meaningful near-term downside momentum for the stock, though no specific earnings or fundamental catalyst was cited in the article.