SMCI - daily chart analysis ๐
My target for this chart is ๐ฏ$890
My 2nd target for this chart is ๐ฏ1400 ๐๐๐
I know it doesnโt seem or feel like it but SMCI has already broken out and now price has to actually catch up
Holding such a long bullflag consolidation pattern is a bullish thing, itโs a case of the longer the base the higher the space. The measured move of the flag break puts it around $1400 and I think it gets there but first things first which for me is a tap of the 100SMA at $890
MACD is working on a new bullish cross but his formation is now all occurring above the zero line which is the key signal there for me
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- KarenAldridgeยท07-09Impressive analysisLikeReport
- longlive100ยท07-09Nice analysisLikeReport