Jun. 15 at 11:40 PM
Storage is still one of the cleanest momentum + re-rating trades in the market right now, especially with earnings catalysts ahead.
$WDC - pushing ATH momentum, re-rating on supply discipline + pricing power
$STX - strong trend continuation, institutional accumulation still visible
$SNDK - NAND cycle expansion + scarcity premium building in price action
All three are acting like the market is still underpricing duration of this cycle.
With
$MU earnings next week, volatility could expand fast across the entire storage stack.
$WDC -
$850 upside scenario
$STX -
$1,250 extension case
$SNDK -
$2,400 momentum continuation path
Not calling tops here - tape is still rewarding strength over valuation.
