SMCI - Is it time to buy it?
SMCI is one of my favourite stocks.
Unfortunately, earnings weren't the best but one swallow doesn't make a summer.
Currently it is testing the upper boundary of this beautiful channel.
I would need it to pop out of this channel and get past 880 area and then a retest to that level to start being bullish again (20% position).
Another way to play this would be to go with break above 850.
If AI is going to be massive bubble, SMCI will have the most speculator top ever.
Monitoring this chart like a hawk!
Unfortunately, earnings weren't the best but one swallow doesn't make a summer.
Currently it is testing the upper boundary of this beautiful channel.
I would need it to pop out of this channel and get past 880 area and then a retest to that level to start being bullish again (20% position).
Another way to play this would be to go with break above 850.
If AI is going to be massive bubble, SMCI will have the most speculator top ever.
Monitoring this chart like a hawk!
No positions to be taken yet.