$SUPER MICRO COMPUTER INC(SMCI)$ AI hardware hero, surging on data center demand. High potential, but volatile. Buckle up![Miser] $Advanced Micro Devices(AMD)$ Nvidia's main rival, offering solid growth and diversification. Less explosive, but more stable foundation.
$SUPER MICRO COMPUTER INC(SMCI)$ After Friday's drop, SMCI appears to be forming a tight wedge pattern. It's crucial to remain open-minded as a breakout could occur in either direction, potentially leading to a significant price movement. $Coinbase Global, Inc.(COIN)$ is approaching a key level, making it an interesting watch. I'm particularly interested in a potential bullish breakout and a strong gap up in the near future.
While recent tumbles sting, I see this as a healthy market pullback, not a reversal. NVDA Earnings: While crucial, a single company's call rarely dictates long term trends. Look for broader economic indicators for clearer direction. Election Jitters: Yes, they exist, but historically, market dips in election years are shallow and followed by rebounds. Technicals: Key indices remain above long-term support levels, suggesting underlying strength persists.
$Meta Platforms, Inc.(META)$ Bullish on META in the short term, expecting a move towards $500 by March. META has been holding above $452 since earnings, indicating potential support. Wait for a confirmed breakout above $474 before considering call options.
$Walt Disney(DIS)$ Looks like Mickey's got a secret plan, don't bet against the Mouse, rockets are fueled and ready for launch! $Block(SQ)$ currently experiencing consolidation, a breakout could indicate a swift shift towards a bullish trend.
$Walt Disney(DIS)$ appears to be nearing a potential reversal, which coincides with the lower trendline of its channel. The recent price action filled the previous gap.
$CME Bitcoin - main 2403(BTCmain)$ Bitcoin is surging! It's on track to retest its all-time high of $68,000, and I'm optimistic it could even push towards $62,000 by March 2024. The technical indicators are looking strong. Of course, there's always a chance of a small pullback in the short term, but overall, I'm feeling very bullish about Bitcoin's immediate future.
$Marathon Digital Holdings Inc(MARA)$ who needs silicon when you have magic internet money? Upcoming earnings and possible inverse head and shoulder formation offer a potentially favorable risk-reward proposition. $Palo Alto Networks(PANW)$ Nancy Pelosi got calls on this one, you feelin' lucky?[Cool]
$SUPER MICRO COMPUTER INC(SMCI)$ While some skepticism exists surrounding SMCI's potential to close above $1000 this week, it shouldn't overshadow the bullish signs. The significant open interest in options contracts exceeding $1000 reflects strong investor confidence, anticipating a potential surge. Additionally, the broader market momentum following Nvidia's earnings creates a favorable environment for growth stocks like SMCI. While a short-term prediction is inherently uncertain, the confluence of these factors suggests a compelling opportunity for SMCI to close above $1000 this week.
1) 100 shares 2) D 3) 2014 4) Omaha, Nebraska, USA 5) D 6) 29 June 2007 7) 2 Dec 2021 8) A tick 9) 30 companies 10) Overnight Trading hours are from 8.00pm ET to 4.00am ET, Sunday to Thursday. For limit and day orders only.
small-cap stocks could be poised for a strong run, especially those in under-valued sectors that haven't participated in the recent rally. An ETF like the $iShares Russell 2000 ETF(IWM)$ is a great way to gain broad exposure to this area of the market.
$Target(TGT)$ is showing bullish signs! It's bouncing off a strong support level with high trading volume, suggesting buying interest. The chart also indicates a bullish divergence. Price target of $155 if it breaks above the resistance trend line.