SMCI eyes on $442.58: possible bottoming confirmation if holds

Sep 23, 2024

This is a folloowup to my $1152 Top Call (click).

SMCI topped where expected and is retracing hard.
Possible bottoming process after capitulation dump.
Currently floating in a trio of major fibs for support.

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Sep 26, 2024

Trade active

Bounce under way

And trying to establish a higher support.

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Zoom in (m5)

We got a nice spike and then retrace.
Now to see if Covid fib at $458.32 holds.
If holds we could be painting a bottom.

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