Sandisk Corp

The asset remains in a confirmed Stage 4 decline with active support failure and a clear sequence of lower highs and lower lows under declining EMAs. Price sits extended below the 9/21/50 EMAs and RSI registers in extreme oversold, deterring immediate sell entries. Execution should be deferred, trimming into any relief rallies toward these EMAs for cleaner short entries, while the longer-term uptrend above the 200 DMA remains intact.

• ↑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.