Potential short term bounce in SMCI
Will the anchored vWAP of $716.80 on the daily chart for SMCI (anchored from the low on 31st October 2023) be defended after Friday's close dipped beneath it? The 15 minute open at 4am this morning ($747.04) looks like a potential intraday key level at this stage...
Order cancelled
Intraday trade did not exceed the key intraday level of $747.04 at any stage during the day, which suggests further weakness in SMCI as the share price continues to test the anchored vWAP. No bullish / short term bounce trade of interest at this stage.
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youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
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Detailed commentary/updates about trades (stocks, crypto & bonds) available:
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
Like/join/subscribe for the latest!
...
youtube.com/channel/UCiJZV2iT6PJx1ydVaS0JzTw (scan results timestamped in comments)
t.me/ASXTradersUnited
Like/join/subscribe for the latest!
...
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.