One Last Pop To At Least 1170

Buying this dip here to catch the final pop before ditribution begins.

Minimum target 1170
- earliest by end of day 2/16
- latest Mar 1 2024

*** Anything above this will be pure squeeze, but there is really no roof for how high this can go.. I'd say 1300-1500

Pretty wild.

Comment:

Entered Mar 1 1070 calls for 29.00 (will sell at 100.00 when this hits 1170 target). 1:40 pm, underlying 838.

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upper blue channel still acting as support

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what a stock..

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We will get that pop to 1170, lets go.

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SMCI will walk right up my black arrow drawn in the chart - thats my forecast and if you load new bars you'll see price is drawn to that arrow

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Unfortunately at this point the odds of this hitting 1170 by 3/1 are worse than betting a 50/1 derby horse. But good news is it will still hit the 1170 target (potentially higher) by end of March 2024 as long as it gets back above 848.30.

Updated expectations:

- There are 2 newly developed equilibrium points that will most likely hold this to around 840-856 through 3/4-3/5.
- We need a break back above 848 to confirm there won't be continued downside, and need a break above 967 to confirm we are heading to new highs. If that does somehow happen tomorrow or Friday, best case I see by EoD 3/1 is 1066 (although 1170 not impossible)

** New time to target is 1170 by Mar 22nd.

But you know 50/1s have won before..

Comment:

We're at 1124 (need 46 points to hit 1170 target lol). Not sure if it will make it yet, time to take profits. Market about to dump.

Trade closed: target reached:

We got to 1155 (15 points shy of 1170 target). Up 265 points from the time of recommendation (+30%).

Now short it. Pullback target = 870-940 by March 15th.

Comment:

GitSum #BearPower lol