SMCI tripple bottom bounce SMCI is reaching again the bottom of its trading channel and there is possibility that it can bounce back again to 300 + levels from here
Entry @ 238-245 range
SL @ 205
TP @ 300
SMCI
SMCI Super Micro Computer Options Ahead of EarningsAnalyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week,
I would consider purchasing the 330usd strike price Calls with
an expiration date of 2023-8-11,
for a premium of approximately $24.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Get ready for 60% move in 2-3 month Strong uptrend and continue to trend higher.
Smci a bullish pattern for next 3 months.
Pullback Buy in SMCISMCI is a market-leading stock. As a key player in the AI space, Super Micro is currently an institutional favorite.
Shares tripled in 45 days between April and June, and the stock is finally pulling back.
This dip to the 21-day moving average is a buyable pullback. I would use an 8-10% stop to keep risk tight.
SMCI Parabolic moveSMCI has been on a parabolic bullish move since Start of 2022
It always makes a new highs then establish it as a resistance level , test it multiple times then move on to the new breakout
Right now it is on a new resistance level i.e 118 and it can come back to test either 104 or 94 support levels. After retesting 104 or 94 it will make another bull move making a new high
Wait till Support level retesting and then make an entry
PS : its currently forming a triple top pattern which is not complete yet . if completed then there is a slight chance that it will definitely come back to 94-96 levels for the previous strong support retest
SMCI in uptrend with acceleration perspectiveSMCI Super Micro Computer Non-GAAP EPS of $3.26 beats by $0.23, revenue of $1.8B beats by $20M.
It confirms the good business run and momentum for its products, despite overall business decline in the sector.
It records a rising trend both in revenue and EPS and the valuation looks very attractive. PE 8.7x, Revenue up 59%, ROE 38% EBIT mrg 10% and the stock is above its 200ma and it seems that the demand for the stock is increasing.
BTCUSDT is testing the demand ZoneThe price is testing a key level on 19300, where the price has the supply zone .
The price bounced on 18850$
How to approach it?
Today is a volatility day, so the price could create the spike in order to grab the liquidity and create a bearish impulse
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
SMCI - Wave 5 up BUY SIGNALSMCI - Wave 5 up BUY SIGNAL
Find a catalyst , check the news. if there is something position then it could explode into Wave 5 from there next month
