Date: March 18, 2025
SMCI today held off on the $40.50 level today. This level is CRUCIAL! By holding this level off, it kept the higher low.
There is one issue though. When I'm looking at this graph and thinking about what I will do tomorrow for SMCI, it could go either directions really. These are the two predictions that I have:
Purple Line:
The best hope is that tomorrow morning, we will have a break above the $43.15 level. Afterwards, I want to see a hold out on that level. If that's the case, the road to $50 will be getting close and closer.
Cyan Line:
If the price of SMCI does drop tomorrow from open, I imagine a drop to the $38.90 level. I won't panic yet since $38.90 isn't actually the low, the lowest low is still $37.40. I would actually try and enter into a long trade and target the $43.15 level.
News:
Everything looks amazing for SMCI. Yes the interview with the CEO was a couple days ago (last week), but I think the words he said does carry a lot of weight. Looking at other companies, SMCI has no lay offs, they are increasing production, and are the best company at what they do. On top of that NVDA is soon releasing there new GPU which requires liquid cooling which *hint hint* SMCI is the best on the market for.
Conclusion:
All in all I am super happy on the outlook of SMCI. Everything right now is demonstrating an upward trend. Lets see how things play out!
Disclaimer: This is my personal trading perspective and not formal investment advice. Always do your own research and manage your risk accordingly.
SMCI today held off on the $40.50 level today. This level is CRUCIAL! By holding this level off, it kept the higher low.
There is one issue though. When I'm looking at this graph and thinking about what I will do tomorrow for SMCI, it could go either directions really. These are the two predictions that I have:
Purple Line:
The best hope is that tomorrow morning, we will have a break above the $43.15 level. Afterwards, I want to see a hold out on that level. If that's the case, the road to $50 will be getting close and closer.
Cyan Line:
If the price of SMCI does drop tomorrow from open, I imagine a drop to the $38.90 level. I won't panic yet since $38.90 isn't actually the low, the lowest low is still $37.40. I would actually try and enter into a long trade and target the $43.15 level.
News:
Everything looks amazing for SMCI. Yes the interview with the CEO was a couple days ago (last week), but I think the words he said does carry a lot of weight. Looking at other companies, SMCI has no lay offs, they are increasing production, and are the best company at what they do. On top of that NVDA is soon releasing there new GPU which requires liquid cooling which *hint hint* SMCI is the best on the market for.
Conclusion:
All in all I am super happy on the outlook of SMCI. Everything right now is demonstrating an upward trend. Lets see how things play out!
Disclaimer: This is my personal trading perspective and not formal investment advice. Always do your own research and manage your risk accordingly.
Note
Clearly following Cyan Line right now! Excited for what is to come tomorrow!
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.
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.