Super Micro Computer Inc is neutral on its 1D technical outlook (RSI = 52.184, MACD = 0.800, ADX = 28.146), the ideal condition to go on a long term buy as the price has been holding the 1D MA50 for 2 straight weeks. The goal now is to cross again above the 1D MA200 but that was already done on February 18th and the pattern that has been established is a Channel Up. The market however may be aiming at much higher as the November 14th 2024 bottom was priced on the Head of an Inverted Head and Shoulders pattern, a technical bullish reversal formation that targets its 2.0 Fibonacci extension once completed. The trade is long, TP = 148.00.
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.