Nigel Chong 庄证评 wrote a post · Jan 22 04:16

Where is SMCI heading to?

I think last Friday breakout was the beginning of the BIG trend.

1.. Semiconductors is considered as the strongest industry in entire market right now. The higher timeframe of $iShares Semiconductor ETF (SOXX.US)$ $VanEck Semiconductor ETF (SMH.US)$

2. Incredible earnings and revenue, the growth of last few quarters have been showing the C and A characteristics in CANSLIM

3. Weekly chart is textbook

4. This recent guidance update UNEXPECTEDLY adds an additional 25-30% of EPS AND REVENUE growth for Q2 alone.

5. Price just broke 52 high and ALL TIME HIGH. No more overhead supply.

if you study about Qullamaggie EP, you will know this is one of it.. !

**This is purely a piece of analysis, there is no buy or sell recommendation

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Swing Trader 📈 Growth stocks 🏆 FB: Nigel Chong 庄证评 🌟 Influenced by MM VCP Trading Style & WON CANSLIM 💯

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