This is a chart I created several weeks ago. I find these points of inflection fantastic for support or resistance depending on the PA of course. I've drawn these on several tickers and the outcome is almost always the same. This is just information. Do what you want with it.
It's hard to deny this powerful topping pattern in the making. usually, H&S are continuation patterns (contrary to popular belief) unless they are at a top. Which SMCI is. So with that in mind, I will urge extreme caution for the bulls. It is better to be out of the market wishing you were in than in the market wishing you were out.
DELL reported earnings 27% beyond the estimates and traders reacted. The indicators show that relative volume was about 10X the running moving average. The RSI dual time frame indicator ( by Chris Moody) showed a 50-level cross-over on 2/22 one week before earnings. That was the best early entry and price is up 20% higher since then. The question is whether is...
DELL has risen and is now at its all time highs. Apparently, its server intrastructure business this thriving. It is chasing SMCI and does not have the high valuation ratios that make SMCI look overextended. The indicators document the up trending price action. A price forecast algorithm has DELL rising into a high pivot on April 18th with 35% upside to...
SMCI saw a nasty down move today with the market. Semiconductors led the downside move today. It seems massive amount of capital rotated out of the market today. This low float volume stock can unwind in a sharp way if this support is breached. Remember dip buyers will likely start to accumulate as semis are coming from All time high bull market....
AI technology has been recognized as the new future since the end of 2022. The rapid advancements in AI and its stock prices sparked debates regarding the sustainability of its current valuations. Indeed, AI technology has a long runway ahead, but like all journeys, it will eventually encounter a bend. In today's tutorial, we are going to study its fundamental...
In the bustling landscape of AI server providers, Super Micro Computer Inc. ( NASDAQ:SMCI ) emerges as a beacon of innovation and efficiency, securing its spot in the prestigious S&P 500 index. With close alliances with tech giants like Nvidia and Advanced Micro Devices (AMD), Super Micro rides the crest of the AI server boom, revolutionizing the market with its...
I guess this would skyrocket towards $8-10 with in 3-6 months or even earlier. Must stay above $2, otherwise it can go down a lot !!
If you haven`t bought SMCI ahead of the previous earnings: Then analyzing the options chain and the chart patterns of SMCI Super Micro Computer prior to the earnings report this week, I would consider purchasing the 480usd strike price Calls with an expiration date of 2024-3-1, for a premium of approximately $42.90. If these options prove to be profitable prior...
MRVL on the 2H chart had been in a trend up since February 29th when it broke out of the high volume area of the profile in a pre-earnings run . Earnings were reported and MRVL more or less matched the analyst's forecasts. Price sold-off in the aftermath of trader disappointment. I held a large position of both shares and options but sold off half of the...
You can't turn on the TV without hearing about Nvidia that means that we're in the cycle distribution phase, can the stock rally to $1,300 certainly so this isn't a call to sell $950 today at all, but it is a call that the years high probably happens between now and July 4th start to make your exit plan now, so that when $1,300 arrives, you know what to...
Super Micro Computer Inc. (SMCI) is about to complete a 10 straight green week streak if the 1W candle closes bullish today. This is a highly impressive feat that not only it hasn't done before but only a few stocks have managed to do historically. On the other hand, this may be a signal that yet again, SMCI is time to take a breather. Why? First because it has...
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.
The tech landscape is ablaze as Super Micro Computer ( NASDAQ:SMCI ), a leading AI server maker, prepares to enter the illustrious S&P 500 index. This move underscores the seismic shift towards artificial intelligence (AI) stocks in Wall Street's premier benchmark, signaling a new era of innovation and opportunity. Let's explore the implications of Super Micro's(...
I bet it would. Dont ask me why :) In bull market prices can go 10 times higher within a year or so.
Super Microcomputer is on hard run up trend- at its all-time high, this stock is demonstrating a high tight bull flag pattern. In a massive move SCMI is up 180% YTD five months so on pace for 400% annualized. Most experts expect more of the same. It is currently resting in consolidation ( the tight channel of the pattern) The zero-lag MACD shows the...
The Nvidia effect has ripped through global equity markets and given fresh wind to markets that were looking ominously poised for a 3-5% drawdown. New highs have been seen in EU Stoxx, GER40, JPN225, and the US large-cap equity bourses; the US30, US500 and NAS100. What levels do the bulls target now? Well either, you’re looking at fibo...