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.
SMCI hitting next Golden Genesis fib at $ 1152.72.
Last strong bounce was Sister Golden at $ 713.83.
Expecting reaction here, like Sisters paying catch.
Bullish Context: Monthly uptrend, weekly uptrend
Price Position: Near last month low
Pattern: price has shaped daily uptrend (higher low and higher high); weekly higher low is set
This is an opportunity for LONG play with profit target near previous month high. In order for this setup to work price must first break through synthetic diagonal resistance; in...
Based on the STRAT methodology, it is called MGP or Machine Gun Pivot where Short Sellers will hunt for the many stop loss on each of the day candles on the left! We are talking about another 42% mark my words! LOL! Kaching coming if you are shorting that is. PLEASE this is for educational purpose only. NOT A FINANCIAL ADVICE TO ANYONE! DYDD. LOL.
Like NVDA we can fit the various swings of the SMCI rally into Elliot wave and this would imply we're either already at the end of or close to the end of wave 5.
Might this have been the "New Paradigm" moment in AI? Could these final spikes be setting up the end of the rallies for the foreseeable future and the start of much larger corrections?
The case for...
As we can see we had a bearish break below the wedge/flag. This is indeed a reversal indicator. We can see this pulling back to either the 1.272 or the 1.618 fibs.
Great DCA levels.
Super Micro Computer ( NASDAQ:SMCI ) experienced a significant drop in its stock price after failing to provide any preliminary financial results. The data center computer specialist announced the date for its next quarterly earnings report, which is scheduled for release after the market close on April 30. However, unlike in recent quarters, SMCI did not offer an...
Will the anchored vWAP of $716.80 on the daily chart for SMCI (anchored from the low on 31st October 2023) be defended after Friday's close dipped beneath it? The 15 minute open at 4am this morning ($747.04) looks like a potential intraday key level at this stage...
A lot of good news baked into the current stock price, looking for a modest cash out of holders to send the stock downwards as technical momentum starts to sours.
perfect techincal figure, with high volume on SX and lower on head , drastic low volume on right shoulder, a solid neckline, Open interest shows that the funds are shorting SMCI, perfect timing to join the train a price target of 500$ is nice.
SMCI Strong over short run to $1000 psych but beware! We may make it to $1,100 or about 1,096 where the .618 fib level is from teh recent short term fall, but zooming in the .382 rise to $1000 has a confluence of one of the trend line resistance areas! CandlestickNinjaTV on YT
NASDAQ:SMCI looks like ready for the next leg up. Decent Call flows. Since the market is very volatile I will be keeping my losses small and quick to exit if I'm wrong.
NASDAQ:SMCI
I have always said that Price will follow the Money Flow Index especially when you have Neutral Price Action or a price trending opposite to the MFI; when there is a Strong Divergence contrary to that Price Action I've found that 96% of the time the Price will correct to follow the MFI either up or down. In this SMCI 4 Hr chart you can clearly see one set up from...
