As of May 15, 2026, SNDK (Sandisk Corporation) is in a parabolic state on the monthly chart, with a confidence level of 86%. Key support is at $1050 and key resistance at $1500. Monthly price is in a near-vertical advance with successive large green candles and a new swing high around $1500; last close near $1397.78 with RSI-14 ~99 (extreme overbought).
Bullish continuation: price consolidates briefly (shallow pullback/sideways) then pushes to a new high; Elliott read = extended Wave 3/5 behavior with momentum still dominant; Fibonacci extension from the prior base implies upside toward the next round-number/extension zones.
Bearish mean-reversion: parabolic top forms and a sharper monthly correction unfolds toward the breakout shelf; Elliott read = Wave 4-type correction after an extended impulse, with a deeper retrace possible due to extreme RSI/verticality.
Monthly close above $1500 would confirm continued parabolic continuation.
Monthly close below $1050 would invalidate the parabolic continuation and signal a larger corrective phase.
Buy zones are staged at the most recent breakout shelf (~$1050), then deeper retrace support (~$900), then a high-conviction mean-reversion zone near prior consolidation/swing structure (~$750).
Parabolic + RSI extreme: trim into strength at round-number/extension zones; progressively higher trims assume continued blow-off risk and eventual multi-month normalization.
As of May 15, 2026, SNDK (Sandisk Corporation) is in a parabolic state on the monthly chart with 86% confidence. Monthly price is in a near-vertical advance with successive large green candles and a new swing high around $1500; last close near $1397.78 with RSI-14 ~99 (extreme overbought).
On the monthly timeframe, SNDK has key support at $1050 and key resistance at $1500. The most likely scenario (bullish) targets $1500 and $1650, with a revert level at $1250.
SNDK (Sandisk Corporation) is currently classified as parabolic on the monthly chart, with 86% confidence. Confirmation requires: Monthly close above $1500 would confirm continued parabolic continuation. This would be invalidated by: Monthly close below $1050 would invalidate the parabolic continuation and signal a larger corrective phase.
The most likely scenario (bullish) targets $1500 and $1650, with a revert level at $1250. The alternative scenario (bearish) targets $1050 and $750.
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