Welcome back to the Retail Investor Report.

Let’s talk about SanDisk ($SNDK). The stock is up a casual, totally normal 2,200% since the April 2025 lows. So naturally, the question is: is it too late to buy the absolute top? 😂

Hear me out. It’s easy to look at the chart and think you completely missed out on one of the most glorious runs in the market. People said it was "too late" and "too high" for $NVDA and $PLTR. Now they're saying it about memory card companies.

But if we look closely at the technicals, the market may have just given us a window to enter.

This week, I started a position in $SNDK, alongside a leveraged trade with $SNXX (2x $SNDK).

Unfortunately, there’s no high-yield income fund available for this one yet, so we are playing the straight equity and the leveraged ETF for now.

Let's look at the upside. The All-Time High (ATH) is still $100 away from today’s close. If we reclaim that, that’s a solid 17% gain. If you know anything about charting, you know that can happen overnight. I've waited months for other stocks to give me that kind of return.

When looking at the TSI and the MACD histogram, you can clearly see what downward momentum looks like. But here is the kicker: the price isn't going down. It's going sideways. Price is also holding strong above my buy indicators: the 5 EMA, 10 EMA, and 20 MA. In this market, consolidation is strength.

Obviously, I could be wrong and anything can happen. Risk management is key here.

If this setup breaks down, I will exit my leveraged $SNXX position immediately to protect capital, and I'll consider my options on the $SNDK position trade when the time comes.

I’ll keep you guys updated on how this trade plays out as the week progresses.

What are your thoughts on the memory sector right now? Are you buying the consolidation or waiting for a bigger pullback? Hit reply and let me know.

Until next time folks,

Lenny-Out