Ivory_Wolf

Potential short term bounce in SMCI

Long
Ivory_Wolf Updated   
BATS:SMCI   Super Micro Computer, Inc.
Will the anchored vWAP of $716.80 on the daily chart for SMCI (anchored from the low on 31st October 2023) be defended after Friday's close dipped beneath it? The 15 minute open at 4am this morning ($747.04) looks like a potential intraday key level at this stage...
Order cancelled:
Intraday trade did not exceed the key intraday level of $747.04 at any stage during the day, which suggests further weakness in SMCI as the share price continues to test the anchored vWAP. No bullish / short term bounce trade of interest at this stage.

Detailed commentary about this trade available here:
- www.youtube.com/watch?v=9M3D2og5xKs (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=_fG2hyV0Cd8 (Crypto review)

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