SMCI: Bullish Flag, Not Confirmed (89%)

SMCI showing a bullish flag on the Weekly chart.
Not confirmed.

Pros:

1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in April 2020
8- Post formed with volume
9- Descending volume during Flag forming
10- Ascending ATR, more volatility

Cons:
1- Figure is not confirmed
2- No break out yet


If confirmed, target price is 501,52$

Again, stay humble, have fun, make money!

MAAX!