SMCI *Huge Update*
Updated
I know my charts are not pretty and I look pretty stupid a lot of the times. BUT.
I noticed something very strange with the time cycle charting tool. I was measuring the tops and bottoms to find out that the bottoming process on SMCI is scheduled to happen just before NVDA earnings.
Meaning... if SMCI follows the cycle we will see a huge dump before the 22nd-23rd of May. Then, after all retail investors are shaken out and people fear the recession/earnings, it will rocket up to make one more all time high run :)
High chance of being wrong but I love to share my ideas with you all! Let me know what you see and lets talk about it.
I noticed something very strange with the time cycle charting tool. I was measuring the tops and bottoms to find out that the bottoming process on SMCI is scheduled to happen just before NVDA earnings.
Meaning... if SMCI follows the cycle we will see a huge dump before the 22nd-23rd of May. Then, after all retail investors are shaken out and people fear the recession/earnings, it will rocket up to make one more all time high run :)
High chance of being wrong but I love to share my ideas with you all! Let me know what you see and lets talk about it.
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New highs then drop or hit 1,000 then drop?...A pump before NVidia's earnings is making me concerned
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My levels always hit remember that ;)Trade active
BE VERY CAREFUL HERE.
I think we bounce, but could be false bullish signs
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Its bottoming short term...
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I want one more big pull back and neutral trading before the next small run.
Overall this stock is going to get choppyyyyyyy
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I am seeing this as a long term buy opportunity but can drop to the zone listed below quickly.
Note
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Resume!!
Note
Levels dont miss budd rosaarteaga97
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Draw down is 25-24 per share and MAYBE 23.
The final push just happened and now is the time to buy on Monday.
IT IS NOT GOING TO GO STRAIGHT UP. Moves like this take time and happen when you least expect it.
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