bluekiwiseed
12-06

$SUPER MICRO COMPUTER INC(SMCI)$  

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.


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Comments

  • bluekiwiseed
    12-07
    bluekiwiseed
    that feeling when your technical analysis turns out right!!!
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