One Last Pop To At Least 1170

JerryManders Updated   
BATS:SMCI   Super Micro Computer, Inc.
Buying this dip here to catch the final pop before ditribution begins.

Minimum target 1170
- earliest by end of day 2/16
- latest Mar 1 2024

*** Anything above this will be pure squeeze, but there is really no roof for how high this can go.. I'd say 1300-1500

Pretty wild.
Entered Mar 1 1070 calls for 29.00 (will sell at 100.00 when this hits 1170 target). 1:40 pm, underlying 838.
upper blue channel still acting as support
what a stock..
We will get that pop to 1170, lets go.
SMCI will walk right up my black arrow drawn in the chart - thats my forecast and if you load new bars you'll see price is drawn to that arrow
Unfortunately at this point the odds of this hitting 1170 by 3/1 are worse than betting a 50/1 derby horse. But good news is it will still hit the 1170 target (potentially higher) by end of March 2024 as long as it gets back above 848.30.

Updated expectations:

- There are 2 newly developed equilibrium points that will most likely hold this to around 840-856 through 3/4-3/5.
- We need a break back above 848 to confirm there won't be continued downside, and need a break above 967 to confirm we are heading to new highs. If that does somehow happen tomorrow or Friday, best case I see by EoD 3/1 is 1066 (although 1170 not impossible)

** New time to target is 1170 by Mar 22nd.

But you know 50/1s have won before..
We're at 1124 (need 46 points to hit 1170 target lol). Not sure if it will make it yet, time to take profits. Market about to dump.
Trade closed: target reached:
We got to 1155 (15 points shy of 1170 target). Up 265 points from the time of recommendation (+30%).

Now short it. Pullback target = 870-940 by March 15th.
GitSum #BearPower lol

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.