BUY! SANDISK CORP (SNDK) Nasdaq

  Report No. 2071    Analysis by: Harry Aloof     AUGUST 30, 2004

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

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Price Objective:
$35.00 Risk/Reward:
$2.00 VS. $10.87 Risk/Reward Ratio:
5:1
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