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[dc]T[/dc]his chart shows a potentially actionable short setup in the stock of SanDisk Corp. (Nasdaq: SNDK). Yes, this is a stock sitting “on support”, but the tight consolidation right on that support is more indicative of support failing than holding. Also, note the volatility compression (multiple inside days) that sets the stage for a sharp directional move. The play here is to a short a breakdown somewhere below the previous day’s low and look for a further breakdown below support. Longer-term, mid 30’s could certainly be in the cards: