SANDISK CORP
(SNDK-Nasdaq):
Technical Viewpoint: From a low
of $19.28 on Jul 7, 2004 prices
rallied, reaching a
high of $25.75
on Jul 15, 2004. A
decline saw prices pull back, reaching a
low of
$21.06 on Aug 12, 2004.
Another rally saw prices penetrate
resistance, closing 8/30/04
at $23.86. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 28, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $21.50. Resistance: Is at $25.50.
Point & Figure: Reversed to the upside on Aug 20, 2004. A P&F upside
reversal takes place at $22.50. Summary: Technical indicators have turned bullish. BUY! SANDISK CORP
(SNDK-Nasdaq) @ $24.13 Stop: Use a protective stop of $22.13.
SANDISK CORP is currently trading @ $23.86 plus $0.88 on Aug 27, 2004. Price Objective:
$35.00. Risk/Reward: $2.00 VS. $10.87. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$35.00
Risk/Reward:
$2.00 VS. $10.87
Risk/Reward Ratio:
5:1
|