SNDK
SanDisk Corp. is acting well again today in early trading so keep it on that watchlist.
Budd Foxx
Budd Foxx
posted by Gordengekko at 9:56 AM
Stock Market News, Breakouts, Swing Trades, Stocks in Play, Mojo plays, Position Trades, Options and Daytrades
posted by Gordengekko at 9:56 AM
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1 Comments:
Hi Gorden !!
On friday afternoon’s the stock breakdown through the support at $40 seemingly put the sellers in further control of the trend and that is why it made sense to favor the short side. During this week the stock headed back up to the descending trendline and have failed the breakout, volume is increasing in the downdays. Keep in mind that the stock is trading in a downtrend, RSI is again in the Beraish area and an important point was that the DMA50 line already crossed DMA200.
Regards,
AC
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