SMCI saw a nasty down move today with the market.
Semiconductors led the downside move today.
It seems massive amount of capital rotated out of the market today.
This low float volume stock can unwind in a sharp way if this support is breached.
Remember dip buyers will likely start to accumulate as semis are coming from All time high bull market....
SMCI is intimate with NVDA and the couple are doing quite well. I got some more at $750 and
2 days ago. Predictive Modeling is suggesting a $1000 price by Tuesday afternoon. That would
be a 33% return in less than a week. The chart shows the bull flag after the reversal out of
the down trend where I bought upon the mass index signaling. The AI indicator...
SMCI has been on an impressive trend up since the first day of the trading year. On the 15
minute chart It had a healthy 12% pull back about February 22-29 but then rallied again on
a reversal upside to nearly the ATH of $ 1075 set on Friday 2/16. I note that traders like
to trade SMCI on Fridays and likely are chasing same day expiration call options. I...
Investor Psychology and the Recipe for Bubbles: How Emotions Fuel Unsustainable Growth
The allure of quick gains and the fear of missing out can create a powerful cocktail that fuels stock market bubbles. These periods of rapid price inflation, often disconnected from a company's fundamentals, are fueled by specific investor behaviors that can be both fascinating...
The classic bull trap pattern comes when we have an initial sell off. Some sort of retracement of that and then a failure to make a new high forming a capitulation pattern.
Everyone knows this pattern, it's the classic "Return to Normal" in the bubble template.
However, we also have modified versions of bull traps that make new highs. While this seems...
In the bustling landscape of AI server providers, Super Micro Computer Inc. ( NASDAQ:SMCI ) emerges as a beacon of innovation and efficiency, securing its spot in the prestigious S&P 500 index. With close alliances with tech giants like Nvidia and Advanced Micro Devices (AMD), Super Micro rides the crest of the AI server boom, revolutionizing the market with its...
If you haven`t bought SMCI ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of SMCI Super Micro Computer prior to the earnings report this week,
I would consider purchasing the 480usd strike price Calls with
an expiration date of 2024-3-1,
for a premium of approximately $42.90.
If these options prove to be profitable prior...
Volume's dropped off, PA consolidated inside a penant on the daily. Could go either way, would personally have a stop loss around $805. Short-term target $1200.
No stocks can stay above a hot rsi at 94 for more and a week or two . April 19 puts would the safest bet on this scam as we all know they tend to just keep going up regardless of the overnight indicators at least for couple days , but then when the correction happens we will se 20% drops in a day and continue for a month of downtrend. At rsi of 94 on the weekly it...
Super Micro Computer Inc. (SMCI) is about to complete a 10 straight green week streak if the 1W candle closes bullish today. This is a highly impressive feat that not only it hasn't done before but only a few stocks have managed to do historically. On the other hand, this may be a signal that yet again, SMCI is time to take a breather.
Why? First because it has...
Navigating the intricacies of high-flying momentum stocks can be challenging, especially when they move at an exponential pace. Take SMCI for instance, a prime example of such stocks. Upon examining its chart, I noticed a rising wedge within an uptrend. Typically, these patterns tend to resolve to the downside.
However, it's crucial to acknowledge that sometimes...
