I'll be prepared to SMCI short it down to 800. 📉

Tracccy
03-19

$SUPER MICRO COMPUTER INC(SMCI)$ is definitely facing a collapse with no other option. If you take a look at the 60-minute chart of SMCI, you can spot some issues.

AMD exhibits clear signs of distribution at high levels, while NVIDIA shows more of a calm and oscillating pattern. This is determined by both the stock's position and its position within the industry. If there are still people bullish on AMD in this position, it's definitely a big mistake!

If SMCI breaks below the trendline of this channel, it will seek support around the 800 level on the daily chart. I'll be prepared to short it down to 800. 📉

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  • ZEROHERO
    ·03-21
    It’s back to 930 after FOMC as ppl rush in to buy the discount. Safer to sell put. Take care
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  • KSR
    ·03-21
    👍
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