Aug. 14 at 2:13 AM
$STX TECHNICAL CHANNEL BREAKOUT 📊🔥
$STX is putting on an absolute masterclass! Price action just punched cleanly through upper descending channel resistance on the 8hr chart, surging toward
$921.37 with heavy volume confirmation.
Profitability & Fundamentals: Crushing estimates with fiscal year revenue up 34% year-over-year to
$12.2B, gross margins expanding to 45.6%, and record free cash flow generation.
Catalysts: Soaring hyperscale cloud demand for AI data lakes, tight HDD industry supply, and strong fiscal Q1 guidance targeting
$4.1B in revenue.
Technicals: The 8hr chart shows a picture-perfect breakout above multi-week channel resistance. Reclaiming
$895.00 support opens a wide-open runway toward
$980.00+. 🐂 💧
Bull Key Level:
$895.00 🐂 🔥
Bear Key Level:
$835.00 🐻 ⚠️
Targets:
$960.00 /
$1,020.00 💰 🍺
Why: Clean multi-week descending channel breakout on the 8hr chart backed by exploding AI storage demand and record gross margin expansion.
#hovdid