SMCI Long Idea
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SMCI just broke a downtrend it had been in for several days. If it holds I'd expect to see a move higher, targeting all the previous support/resistance levels above. $928 would by first target, followed by $1,000. If it were to fall back below $815 and $780, that would be a nice short opportunity IMO.
Komen
Wow, did not think it would move up that quick. Gotta love SMCI, it's coming into resistance now, if it keeps going next target for me is $1,000 - $1,022
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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