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