$SUPER MICRO COMPUTER INC(SMCI

$SUPER MICRO COMPUTER INC(SMCI)$ 6th straight day of lower lows and on track for longest losing streak since Sep 2022

Based on chart: Bearish

Descending Triangle Pattern: There's a descending triangle pattern forming, which is generally a bearish signal. This is characterized by a series of lower highs (indicated by the red downward-sloping trendline) and a flat support level around the 786.28 mark.

Support and Resistance Levels:

Key support levels can be observed around 786.28 and 682.5861, while resistance levels are around 834.8018 and higher.

but but institutions are buying refer the screenshot with change in institutions position based on current fillings

my play --> Expecting > 834 before earnings release will buy if price falls to 725

Modified in.07-23

💰 Stocks to watch today?(18 Sep)

1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!

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Comments

snappix
07-23
snappix
Great analysis! Love your attention to detail. [Like][Thinking]
cheerzy
07-25
cheerzy
Sell before it's too late. Just look at the chart. Next stop $400
jollyfo
07-24
jollyfo
All it needs a good strong earning and demand guidance
glowzi
07-25
glowzi
If the current support does not hold, the last support will be around 670. Once that is breached, god help us. Back to to 340 it goes.
pixiezz
07-25
pixiezz
Only reasons this is down is due to limited float, will do very well over the coming days and run up to earnings and beyond.
nimbly
07-25
nimbly
I think a fair price for this stock is between $290 - $320

Leave a comment

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This is characterized by a series of lower highs (indicated by the red downward-sloping trendline) and a flat support level around the 786.28 mark.\n \nSupport and Resistance Levels:&nbsp;\nKey support levels can be observed around 786.28 and 682.5861, while resistance levels are around 834.8018 and higher.\n \nbut but institutions are buying refer the screenshot with change in institutions position based on current fillings&nbsp;\n \nmy play --&gt;&nbsp;Expecting &gt; 834 before earnings release will buy if price falls to 725\n<img src=\"https://community-static.tradeup.com/news/ff1b625f0ff2a5aace1f5ea8bb7ab832\" tg-width=\"1080\" tg-height=\"2033\">\n<img src=\"https://community-static.tradeup.com/news/e726eadaf699219c582e009a7d3123c8\" tg-width=\"983\" tg-height=\"631\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/SMCI\">$SUPER MICRO COMPUTER INC(SMCI)$ </a> 6th straight day of lower&nbsp;lows and on track for longest losing streak since Sep 2022\n \nBased on chart: Bearish\nDescending Triangle Pattern: There's a descending triangle pattern forming, which is generally a bearish signal. This is characterized by a series of lower highs (indicated by the red downward-sloping trendline) and a flat support level around the 786.28 mark.\n \nSupport and Resistance Levels:&nbsp;\nKey support levels can be observed around 786.28 and 682.5861, while resistance levels are around 834.8018 and higher.\n \nbut but institutions are buying refer the screenshot with change in institutions position based on current fillings&nbsp;\n \nmy play --&gt;&nbsp;Expecting &gt; 834 before earnings release will buy if price falls to 725\n<img src=\"https://community-static.tradeup.com/news/ff1b625f0ff2a5aace1f5ea8bb7ab832\" tg-width=\"1080\" tg-height=\"2033\">\n<img src=\"https://community-static.tradeup.com/news/e726eadaf699219c582e009a7d3123c8\" tg-width=\"983\" tg-height=\"631\"></body></html>","text":"$SUPER MICRO COMPUTER INC(SMCI)$ 6th straight day of lower lows and on track for longest losing streak since Sep 2022 Based on chart: Bearish Descending Triangle Pattern: There's a descending triangle pattern forming, which is generally a bearish signal. This is characterized by a series of lower highs (indicated by the red downward-sloping trendline) and a flat support level around the 786.28 mark. Support and Resistance Levels: Key support levels can be observed around 786.28 and 682.5861, while resistance levels are around 834.8018 and higher. but but institutions are buying refer the screenshot with change in institutions position based on current fillings my play --> Expecting > 834 before earnings release will buy if price falls to 725","highlighted":1,"essential":1,"paper":1,"likeSize":16,"commentSize":8,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/330652398887208","repostId":0,"isVote":1,"tweetType":1,"viewCount":829,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SMCI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":true,"length":634,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":330661689966808,"gmtCreate":1721733610957,"gmtModify":1721791469263,"authorId":9000000000000383,"author":{"id":9000000000000383,"authorId":9000000000000383,"name":"snappix","avatar":"https://static.tigerbbs.com/e0b105c29878897dd9c0b6ddb94da8ec","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":330652398887208,"type":1,"supId":0,"prevId":0,"content":"Great analysis! Love your attention to detail. [Like][Thinking]","text":"Great analysis! Love your attention to detail. [Like][Thinking]","html":"Great analysis! Love your attention to detail. [Like][Thinking]","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":331253959786512,"gmtCreate":1721896714368,"gmtModify":1721896719419,"authorId":3479274729249414,"author":{"id":3479274729249414,"authorId":3479274729249414,"name":"cheerzy","avatar":"https://static.tigerbbs.com/ad7eae466324df873e0b817337d13f4e","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":330652398887208,"type":1,"supId":0,"prevId":0,"content":"Sell before it's too late. Just look at the chart. Next stop $400","text":"Sell before it's too late. Just look at the chart. Next stop $400","html":"Sell before it's too late. Just look at the chart. 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Once that is breached, god help us. Back to to 340 it goes.","text":"If the current support does not hold, the last support will be around 670. Once that is breached, god help us. Back to to 340 it goes.","html":"If the current support does not hold, the last support will be around 670. Once that is breached, god help us. 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","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":331254464757768,"gmtCreate":1721896736680,"gmtModify":1721896741647,"authorId":9000000000000342,"author":{"id":9000000000000342,"authorId":9000000000000342,"name":"nimbly","avatar":"https://static.tigerbbs.com/2a5f2c7d7652e6711ec37ca005bc8b25","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":330652398887208,"type":1,"supId":0,"prevId":0,"content":"I think a fair price for this stock is between $290 - $320","text":"I think a fair price for this stock is between $290 - $320","html":"I think a fair price for this stock is between $290 - $320","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/330652398887208"}