$SMCI.US$ 744 and a quarter is its short-term support you be...
$SMCI.US$ 744 and a quarter is its short-term support you better hope it holds or 545 is weekly support
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Master Corgi : Any idea why it’s been dropping so much the past 3 mths
10baggerbamm OP Master Corgi : am i crystal Ball's been in the shop they keep telling me any day but they've been saying that for 36 years right now so why has it been dropping more sellers than buyers there's your technical analysis. fundamentally the company's killing it and as in Nvidia grows so shall super micro it also has a much higher beta and that adds to its volatility super microdose
Cisco seller 10baggerbamm OP : Thank you
Maniac Fool : Which chart are you referring to?
Master Corgi 10baggerbamm OP : The TA on this stock doesn’t look good actually although the company is doing well and all that.
10baggerbamm OP Maniac Fool : daily it's barely hanging on to the lower Bollinger band line.
Money Thrill : Also a support at 729/730. The "SCHWUNG" is out for the moment.
Maniac Fool : Well said 🫡