SNDK SanDisk Weekly Chart Rolling Over M Top

SNDK SanDisk weekly chart rolling over now. Price received the overbot, rising wedge, negative divergence smack down to start 2011 and now has placed an M Top. Negativity has increased now that the RSI and stochastics have dropped under the 50% levels.

Price held the 50 week MA at 43 and also held and closed the week at 45 to respect the lower trend line. Looks like this will be short-lived and next week the lower trend line should fail at 45, and a retest of the 50 MA at 43 would be in order. The gap at 40 is a target. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.