Sandisk Corp

Stage 4 decline remains intact with sequential lower highs and lower lows and down-sloping short-term EMAs. Active continuation and Bearish Exhaustion confirm seller dominance and only fleeting fatigue without true follow-through. Price is extended below the 9/21/50 EMAs and RSI sits in extreme oversold, deterring immediate selling. Execution should be deferred, trimming into any rallies up toward the declining EMAs for cleaner short entries, while the secular uptrend above the 200 SMA remains secondary.

• ↑Q3 revenue of $5.95B (+251% YoY, +97% QoQ) beat $4.4–4.8B guidance on AI data-center demand.
• ↑Non-GAAP gross margin reached 78.4% vs. 65%–67% guidance, reflecting strong pricing power.
• ↓ASPs fell high single digits amid NAND oversupply, pressuring gross margins.