SMCI bounced into a minor but significant resistance.
Looking for a Break-n-Retest for possible buy entries.
Retested first support and trying to hold it right now.
$ 36.38-36.87 is the exact zone to break for bulls.
$ 34.37-35.02 is the support that bulls must hold.
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Looking for a Break-n-Retest for possible buy entries.
Retested first support and trying to hold it right now.
$ 36.38-36.87 is the exact zone to break for bulls.
$ 34.37-35.02 is the support that bulls must hold.
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Trade active
Round Trip!(yellow shaded area is from posting time)
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Zoom in (m5) for a closer look
We had a Ping (exact hit) on Covid fib at $36.87
But then we broke it before falling again.
That break implies bears failed to top it.
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Let's see if we can get back above key zone $36.68-36.87
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Trade closed: target reached
BOOM(yellow shaded part is from posting time)
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2 Take Profits hit:
1st TP at $42.89 for 16% gains at Golden Covid.
2nd TP at $44.88 for 21% gains at Golden Genesis.
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Still have 25% of posting riding with Trailing Stop.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.