Visual view
SANM
SANM tests its 7-day low and closes strong — target $253.47
Double Seven Pullback
As of: 2026-05-19
Watch$220.19 seven-day low — the trade is valid while this holds
RiskClose below $213.46 breaks the pullback structure
ConfidenceB+
Why now
Sanmina has been acting well all cycle — up more than 50% above its 200-day average with consistent trend. Monday tested the 7-day low and closed near session highs. That's a clean double-seven trigger in a stock that has earned the benefit of the doubt.
How to think
- Enter at $224.70 — bounce off 7-day low
- Stop $213.46 — pullback goes deeper than expected
- Target $253.47 — recent high
What to watch
Bounce confirmed on Monday's close. If SANM dips to $222–224 Tuesday and holds, that's the add-on.
Simple explanation
SANM made a new 7-day low at $220.19 intraday, then closed at $224.70 near the session high. The 200-day average is at $148 — well below — and the trend has been consistent through multiple shakeouts.
Risk
If SANM closes below $213.46, the pullback has extended beyond what a healthy retest looks like. That's the exit — no holding below the stop.
FAQ
Why use the 7-day low as a trigger?
The double-seven system is designed to catch pullbacks in strong trends early. The 7-day low test plus a strong close is the confirmed signal. Waiting longer usually means chasing a gap up.
Pattern params and score explanation
Setup typeDouble Seven Pullback
PatternSANM made a new 7-day low at $220.19 intraday, then closed at $224.70 near the session high. The 200-day average is at $148 — well below — and the trend has been consistent through multiple shakeouts.
TimeframeDaily
Tagsdouble-seven, electronics-manufacturing, SANM, bull
{
"price": 224.7,
"priceLevels": {
"entry": 224.7,
"stop": 213.46,
"target": 253.47,
"support": 220.19,
"resistance": 253.47
},
"metrics": {
"score": 0.803,
"rewardRisk": 2.561,
"closeStrength": 0.79
},
"patternParams": {
"strict": false,
"subtype": "oversold",
"pullbackDepthPct": 15.78,
"ret60d": 51.96,
"sma200": 148.64,
"low6": 220.19,
"high6": 253.47
}
}