bluekiwiseed
11-25

$SUPER MICRO COMPUTER INC(SMCI)$  

Very few news commentaries are actually helpful and tend to hide their agenda to promote or break the current bullish/bearish momentum. 

SMCI deserves its current rise and furthe rise to at least $40. But a rise that doesn't come with a strong support line lacks foundation and isn't sustainable. The last strong support is $25-27 range. What is the new support line now? Certainly not $30-31; not enough time has taken to build this new support line. So the current $35-36 bullish momentum will not go far. 

If SMCI does not start falling at the current price range, then further rise to $37-38 will induce SMCI to fallback hard and set up a new support line. I anticipate the fallback to temporarily stabilise at low $30-31, assuming no bad news.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Sandyboy
    12-02
    Sandyboy
    We can’t believe all or any of the company’s accounts. I don’t get how people are till bullish and calculate valuations with accounts figures that may be well cooked up
  • PagRobinson
    11-26
    PagRobinson
    Great insights! Can't wait to see how it unfolds! [Wow]
  • SullivanRrr
    11-26
    SullivanRrr

    I’d rather stay away this kind of fraud companies

Leave a comment
3
1