Super Micro Computer Inc / SMCI is trading inside a Channel Up.
The new bearish wave has already completed a -47% decline, same as the previous one, and the symmetry inside this pattern seems very high.
The price is now very close to the Channel's bottom and is technically a strong buy opportunity.
We expect a new higher high close to the 1.618 Fibonacci extension.
Buy and target $90.
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The new bearish wave has already completed a -47% decline, same as the previous one, and the symmetry inside this pattern seems very high.
The price is now very close to the Channel's bottom and is technically a strong buy opportunity.
We expect a new higher high close to the 1.618 Fibonacci extension.
Buy and target $90.
Follow us, like the idea and leave a comment below!!
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.