SMCI had a stock split, so I have to update this chart.
Light Fundamental:
It is a stock called SMCI (or Super Mico Computer). It is a US company that makes super powerful computers and servers. The world needs servers to help run things like big websites, apps, and AI. The stock price fell by half. So, it is selling at a discount for what it is really worth. So, it is a good chance to buy it.
Technicals:
Gartley-like pattern
diagonal support
engulfing bullish pattern with d3 volume and volume confirmation
a-b-c completion at a 78.2% fib pullback
Entry is above the weekly engulfing bullish candle at 475.44.
Target is, tentatively, 1500.
Note: preparing for either an election rally or a Christmas rally in stocks
Light Fundamental:
It is a stock called SMCI (or Super Mico Computer). It is a US company that makes super powerful computers and servers. The world needs servers to help run things like big websites, apps, and AI. The stock price fell by half. So, it is selling at a discount for what it is really worth. So, it is a good chance to buy it.
Technicals:
Gartley-like pattern
diagonal support
engulfing bullish pattern with d3 volume and volume confirmation
a-b-c completion at a 78.2% fib pullback
Entry is above the weekly engulfing bullish candle at 475.44.
Target is, tentatively, 1500.
Note: preparing for either an election rally or a Christmas rally in stocks
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.