$IWM and $SMCI Will Surge Upward
1.$iShares Russell 2000 ETF(IWM)$ - Daily Chart:
Intriguing candle that has recently signaled tops.
However, there is a bullish MACD crossover, and Stochastic is not overbought this time.
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2. $SUPER MICRO COMPUTER INC(SMCI)$ - Are bullish MACD crossovers a guarantee of a sustainable reversal?
No, SMCI is a prime example. Recent signals have been fleeting, as circled in the chart. And the last two crossovers have occurred below both the 50-day and 20-day moving averages.
To signal a significant rebound, SMCI must surpass the $519 level.
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https://x.com/SmartReversals/status/1835850610329157741
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