Hello Traders,
SMCI fell to 692.- and reversed strongly. Today`s pre-market price is @ $839.20, caused by the excellent earnings @NVIDIA!
But where does the stock go from here?
A wave usually appears in sub-waves on all time units. This means that 5s or 3s are also visible here.
So far this is not visible for SMCI. I suspect that the jump in the pre-market is part of a b-wave.
B-waves are "sucker waves" that try to lure a trader into the wrong direction. So be careful if you want to follow this stock's path.
I intend to watch the stock for the time being (this week) and then decide on a new long entry if necessary. However, I would like to see clear chart and/or candlestick information on this!
From a technical perspective to call, the next entry point for the stock is a new ATH!
But where to stop?
I recommend to be patient and wait for clear signals! I will update the count after new information.
Have a nice week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
SMCI fell to 692.- and reversed strongly. Today`s pre-market price is @ $839.20, caused by the excellent earnings @NVIDIA!
But where does the stock go from here?
A wave usually appears in sub-waves on all time units. This means that 5s or 3s are also visible here.
So far this is not visible for SMCI. I suspect that the jump in the pre-market is part of a b-wave.
B-waves are "sucker waves" that try to lure a trader into the wrong direction. So be careful if you want to follow this stock's path.
I intend to watch the stock for the time being (this week) and then decide on a new long entry if necessary. However, I would like to see clear chart and/or candlestick information on this!
From a technical perspective to call, the next entry point for the stock is a new ATH!
But where to stop?
I recommend to be patient and wait for clear signals! I will update the count after new information.
Have a nice week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.