SANDISK - SNDK
Monthly chart shows price currently below both the 8ema and the 34ema. It is also falling through prior key s/r at the $43.50 level.
Weekly chart is more bearish now ... with test of the prior low at the $36 likely.
Daily chart shows extremely strong bearish investor sentiment, as traders/investors gapped down the price at the open below the 200sma, and closed near the lows for the day. The gap remains unclosed. The gap down was due to company reporting fall in 3Q profits.
Friday, October 19, 2007
SNDK Update for 10.19.2007
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