SanDisk Corporation or SNDK as publicly listed in the US caters to all parts of the world. For those who do not know or unfamiliar with the nature of their business, they design, develop and manufacture flash memory card products for mobile phones, digital cameras, gaming devices and laptop computers. Chart-wise, there is a 10-month ascending channel seen in SNDK stock chart and the value could further ascend. However, there could be some selling pressure at the immediate resistance it could encounter at $50.55. If that gets cleared out, the next resistance could be $53.00. For the mean time, the value could just maintain moving above the ascending channel’s support. In case it breaks down from the ascending channel, the next support could be $40.15. Like I always say, as long as the uptrend remains intact, I’d be bullish on this.
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