After roughly three months, $SNDK (-10.82%) has once again fallen below 50% of its ATH, triggering my buy order in my Blue Chip Fibonacci Portfolio.
The recent selloff came despite a very strong earnings report. Sandisk beat revenue and earnings expectations, announced an 8-for-1 stock split, raised guidance, and continues to benefit from strong AI-driven demand for data-center storage solutions.
The market seems worried about future growth rates and the sustainability of AI-driven memory demand. Maybe those concerns are justified. Maybe they're overdone. That's why I rely on predefined levels instead of predictions.
For me, the story is simple:
✅ Price reached a predefined Fibonacci level
✅ Buy order triggered automatically
✅ Risk management remains unchanged
