$Okta Inc.(OKTA)$ The bearish volume has been absorbed and turned into accumulation this week. The bull will come any moment now and possibly ride the wave of Santa Rally next week.
$SUPER MICRO COMPUTER INC(SMCI)$ SMCI seems to be hesitating from staying within the range of bearish trendline. There are hedgers expecting it to go to 20s and at least hitting the strong support liquidity at 28.96. But if SMCI fails to close this week, bearish sentiment will end, and expect huge accumulation and rebound.
$MARA Holdings(MARA)$ Impressive. It turns out the shooting star (green candle with long upperwick) was actually an inducement for a breakout setup. The shooting star initially signalled bearish weakness, attracting short positions and creating a false reversal expectation. Instead, price retraced slightly and used the liquidity (stop-losses and pending orders) to push higher, leading to bullish continuation. How to know: BTC still in uptrend (HH & HL), next candlestick after shooting star failed to close below the star's low, and low volume on sell side.
$SUPER MICRO COMPUTER INC(SMCI)$ Looks like a trendline liquidity with short-term bearish continuation. We can also see that yesterday's price fall signals a fail to close (red candlestick with lower wick touching the point of interest at 31.36), indicating further downward attraction. When the trendline intersects with the two points of interests (the orange lines), look for a liquidity sweep supported by high volume & change of character for a bullish reversal long position.
$Advanced Micro Devices(AMD)$ The sad news is that AMD is really going to take off, but we just don't know when. Expect holding for a few months until the next catalyst, perhaps QE.
$MARA Holdings(MARA)$ Can't predict whether MARA will rise or fall, as it hasn't been following BTC's movement. Nonetheless, this is my latest take on BTC's trajectory using a 4-hour chart. UPDATE: Potential shooting star emerging and supporting a stophunt. Bearish reversal if close below the shooting star's low ($104704.2). Less likely: price consolidates above this price point and breaks through $106624.62 with strong volume, signalling bullish continuation. It's still within the 7-day liquidity trendline (since 10 Dec) but may require news catalyst for continuation.
$SUPER MICRO COMPUTER INC(SMCI)$ TWO FUTURES Tonight's a turning point. Yesterday, SMCI retraced to just above RSI Swing Indicator with 200 EMA, setting up a potential support line at $36-38 that targets a breakout to $60. But this possibility hangs on the thread of NASDAQ100 annual reconstitution today, with the potential for delisting. Been seeing various interesting comments. Here's my take. SMCI has two possibilities: 1. NASDAQ100 not delisted. SMCI takes off to $60, beforw retracing to $46 to form a new support line for another rebound. Action: no delisting => sell at $55-60 and accumulate when it retraces to mid-$40s. 2. NASDAQ100 delisted. Sends shockwave down to $20s. Expect short-term drama, insignificant compare
I wouldn't recognise this news. Jim Cramer's words are not meant for retail traders like us on tigerbroker. He's willing to sacrifice $20 soar, because he has the capital to do it and to spend on other things. This is not the mentality for a retail trader.
Jim Cramer on Super Micro Computer (SMCI): Accounting Irregularities Means Sell – ‘I Never Go Back’
$MARA Holdings(MARA)$ The reason why MARA keeps falling despite Bitcoin's multiple rebounds in the past week was because Bitcoin's Highs and Lows generally influence MARA's fair value gap (FVG), not the overall bullish or bearish trajectory. Therefore, in the past week, Mara did not rebound to the same price point when bitcoin kept rebounding close to $100k. Bitcoin's rebounds set the FVGs for MARA, but MARA was already on a bearish cycle after hitting the peak at $30-31. Bitcoin's High and Lows influence MARA's overall bullish/bearish trajectory only when Bitcoin hits a new record, at which point this becomes the new peak for MARA and a point of bullish/bearish reversal. I predict the lowest Mara can get i
$MARA Holdings(MARA)$ MSFT shareholders just voted against bitcoin. This caused bitcoib to slip overnight and affected MARA and other mining companies, due to the failure to meet FOMO expectations. But the FOMO season is still ongoing. With growing institutional investors' confidence in this crypto market, bitcoin is set to seriously break 100k in January when Trump steps in. In 1-3 months, when Trump team announces bitcoin policy, MSFT and other conservative groups will start revising their bets. This broader market sentiment means that MARA's slip below 23 present a great opportunity to accumulate shares.
$SUPER MICRO COMPUTER INC(SMCI)$ If you're worried about SMCI slipping overnight despite good company developments/fundamentals, please know that almost all tech stocks -- in fact, NASDAQ and SNP500 -- slipped overnight. Reason likely due to the CPI release tomorrow, which will affect market confidence that FED will cut interest rate next week. Problem unlikely caused by US-China trade war, as most tech stocks except NVDA were doing well and effectively bracing the storm.
This is market manipulation by institutional investors, not weak company fundamentals. Everything is turning positive for this company, except for the NVDA China probe which may have a direct impact. We should expect SMCI to fall within the range of $46-49.
Stock Track | Super Micro Computer Plunges 5% in Pre-Market on Lingering Auditor Concerns
$Advanced Micro Devices(AMD)$ AMD potentially experiencing tax loss harvesting EOTY following the bearish news this week. To anyone currently holding this stock, make sure to hold it through to January. The 'January Effect' will happen and cause a sharp rebound.
$Micron Technology(MU)$ MU will break out on 18 December. At least $112-130. Low-key undervalued, great fundamentals, receiving major US subsidy today, 1 week before its QE which is expected to fare higher than Wall Street estimates.
$Microsoft(MSFT)$ Msft, you have two choices and two futures. 1. You vote for bitcoin. This causes bitcoin to seriously breakout above 100k, expanding the FOMO season. In the process, you trigger MSFT stock price to skyrocket. 2. You vote against bitcoin. This undermines bitcoin rally preventing it from breaking out above 100k. One month later, bitcoin still breakout and sustains above 100k anyways. You, however, will have undermined investors and shareholders' confidence, leading to a decline in your stock price. This move certainly won't lead to a massive decline, but it won't make your time during Trump Presidency any better. This is a deal you cannot refuse.
$SUPER MICRO COMPUTER INC(SMCI)$ Confirming a bullish flag with 1 hour chart (same for 2 hour chart). Now, wait for a good catalyst (company update, market trend). ------Details----- •Initial flagpole: 46.18 •Consolidation phase: 38.92-45 (lower highs and higher lows) •Volume during consolidation: decreasing, which signals traders awaiting breakout •Trendline & support: price movement holding above EMA 200, highlighting broader bullish trend, with $39-40 acting as strong support line. •Breakout confirmation: above 46.18 with strong volume. Rise to minimal $50. •Caution: breakdown below 38.92 would invalidate the flag. Further support down is ~35.5.
$Advanced Micro Devices(AMD)$ I don't understand why many are betting on its rise, when it has taken a month since AMD fell to this price range. It is obvious that AMD WILL rise. But how long do we need to wait until it leaves off? What are people's timeframe and trade strategy? Taking note that it costs $142 a share with an expected return somewhere between $149-165, this is a sacrifice to bear compared to investing on cheaper bitcoin related stocks and crypto, which promises far greater returns and more frequent profit cycles.