Matter of time Musk-Trump collab will drive both stocks to new highs as a result of the synergy. Policy maneuverability coupled with media/technological prowess is a lethal combination.
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.
@bluekiwiseed:$SUPER MICRO COMPUTER INC(SMCI)$ 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.
Give it a couple of days for the unwilling 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.
@bluekiwiseed:$SUPER MICRO COMPUTER INC(SMCI)$ 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.