bluekiwiseed
12-17 08:34

$SUPER MICRO COMPUTER INC(SMCI)$ Looks like a trendline liquidity with short-term bearish continuation. We can also see that yesterday's price fall signals a fail to close (red candlestick with lower wick touching the point of interest at 31.36), indicating further downward attraction.

When the trendline intersects with the two points of interests (the orange lines), look for a liquidity sweep supported by high volume & change of character for a bullish reversal long position.

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  • mc25
    ·12-18 11:22
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    I have followed this stock closely for a  while now and I can tell you this, you can read into as many charts as you want it won't give you a good indication of anything. it's unpredictable and only follows news or random events, not trendlines.
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  • winky9
    ·12-17 14:12
    Interesting analysis! Do you believe there's enough buying pressure to counter this bearish trend?
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