$SUPER MICRO COMPUTER INC(SMCI)$ 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.
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
Give it a couple of days for the unwinding of positions betting on the collapse due to the exclusion from NDX100. Can't say for sure the bearish trend will end there but definitely a normalization to the range of 38/45 is expected.
Ooo wow good stuff