BATS:SMCI   Super Micro Computer, Inc.
Hello Traders,
SMCI has made new ATH @ $745.17 on Friday! For whom which trade this stock, a great reward ratio!
But what to expect ahead?
Well, the highs are not supported by increading volume. That means, most traders are invested in this stock. For me, a "danger" situation. But, what do I know?
Anyway! A pause of the bull market, should lead to a longer time of "consolidation" for SMCI. After such a long run, the stock needs to take a deep breath and cool down!
Volatility is always higher for this stock, and a new entry and buy is not to recommended at the moment.
If my counting idea work out, a wave ((4)) should be next in the coming days ahead. As you know, a
Wave 4 of any degree, almost always consolidates to a 38.2 Fibo level of the latest advance.
For SMCI means a "sideways action to 510 level, when the bulls are exhausted now!!!
The coming days will give an answer; for now there is no argument for this!
Bulls should have an eye to the chart and act accordingly!
I sold ⅔ of my position and set an SL for the rest! And, what to say? I am happy with that!
Chart will be updated in the coming days.

Have a nice weekend.....

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