Upon analyzing the stock SMCI, we observe a significant turning point starting in 2022, following a long period of sideways movement where the stock struggled to break above the $40 level.
After this prolonged sideways phase, the stock broke out with a clear upward trend, highlighted by the ascending trendline (green), characterized by higher highs and higher lows.
Following a year of gains, the stock entered a consolidation phase but then broke out again to the upside with strength, accompanied by a substantial increase in volume.
After reaching a peak in March 2024, the stock began a downward phase that is still ongoing.
Potential long entry points, where the stock might bounce or change trend direction, are found in the following two support areas:
If the stock begins to rally again, it will be crucial to monitor its behavior as it approaches the descending trendline (green), which could serve as a more conservative initial target.
More ambitious targets are POC 2 and resistance R1, both within a price range of $900 to $1,000.
After this prolonged sideways phase, the stock broke out with a clear upward trend, highlighted by the ascending trendline (green), characterized by higher highs and higher lows.
Following a year of gains, the stock entered a consolidation phase but then broke out again to the upside with strength, accompanied by a substantial increase in volume.
After reaching a peak in March 2024, the stock began a downward phase that is still ongoing.
Potential long entry points, where the stock might bounce or change trend direction, are found in the following two support areas:
- Support area S1;
- The POC 1 area.
If the stock begins to rally again, it will be crucial to monitor its behavior as it approaches the descending trendline (green), which could serve as a more conservative initial target.
More ambitious targets are POC 2 and resistance R1, both within a price range of $900 to $1,000.
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.