SMCI: Call Buying Into Wave 2 of Larger 3
SMCI has sold off aggressively in the last few weeks and I see that Wave 1 of larger 3 is complete. I'm expecting a hard wave 2 bounce next week to 627, then reject before filling the gap at 667. At that point I will be buying PUTS.
PT1 627 PT2 667
PT1 627 PT2 667
Comment
WAVE 2 of 3 should finish at the bottom of larger Wave 1 at 671 April 22.Comment
Another thing to note is the inverted hammer candle on the weekly (bullish)Comment
planning on closing out today if SMCI hit 580. Seeing too high of a RSI atm and expecting a possible pullbackComment
sold at 583 which was 1.618 fib retracement from todays breakout on the 5 min chart
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