Still bullish !
$Super Micro Computer (SMCI.US)$ A nice Symmetrical Triangle as we like them. The only negative thing I see here is the "death cross" with the 20 and the 50MA, which could lower the stock price towards 23-24$, near the 200MA or the previous fibonacci level... But remember here that when it's "meme stock" or stock like that, Technical Analysis works less than with "normal stock".
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Technical & Financial Analysis, peer comparison and stock picking. Swing trades & long-term investment.
Pleased to help!
365Followers
151Following
1520Visitors
Follow
XSpace : SMCI has shown a strong rebound from the key support level of 17.25, with rising momentum backed by bullish indicators such as a KDJ crossover, upward-moving averages, and expanding Bollinger Bands. The surge in trading volume reflects growing investor confidence, positioning the stock for a potential breakout above 29.50.
Mrstocksplitsundae : this is hilarious... using charts that's cute....but completely irrelevant.....thanks for the joke of the day... ..
GorakhNGupta : Dude, Fundamental don't work in adverse situation, 20,50,200 MA will never be able to predict the next move for SMCI situation