Drop during market open and rise or rise then drop?
$Super Micro Computer (SMCI.US)$ Considering if its better to add more now Pre Market or when market opens in case it drops
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Xiao Jian : The bullish trend remains firmly intact. The small pre-market dip due to low trading volume is likely to be quickly erased at the market open, followed by a sharp rally pushing the price above $40. By the end of the day, SMCI is expected to close around $44. SMCI continues to solidify its position as the top-performing stock in the S&P 500 recently.
101784548 : Add more when market open
Investor Dudu OP Xiao Jian : If still bullish, why was pre market booming yesterday but today it’s so slow? Seems like taking a chance buying upon market open might not be a bad idea after all
EZ_money Investor Dudu OP : you put too much into pre market moves
102612452 Xiao Jian : EMA 50,150,200 trend is not bullish at all. What are you cooking?
EZ_money 102612452 : daily and weekly MACD bullish KDJ bullish depends on what view you're being bias just saying that
Xiao Jian 102612452 : This is a classic short squeeze scenario, with short positions currently exceeding 60%. As the stock price rises, short sellers will be forced to cover their positions, further accelerating the upward momentum. SMCI is shaping up to be the perfect early Christmas gift for bullish investors.