SMCI LONG IDEASMCI broke out of a downtrend and support level with a strong weekly bullish candle. This is a signal that the stock is ready for appreciating in value. The first signal was in November 2024 when there was a divergence on awesome oscillator. This was followed by a breakout of down trend line in February 2025, which made price to move from around 36 to around 66.
Currently, price is showing a strong momentum to rally up again. With a pullback to the key level, the best time to buy the stock is at current price or between 38 and 40. An aggressive trader/investor could have when the previous weekly candle closed bullish, while a conservative trader/investor would have waited for the pullback to the key level which is what's happening at the moment.
The entry is around 38 and 40 while the stop could be 25 and the target can be 66 and 119.
Confluences for the signal:
1. Price broke out of a down trend line and closed with a strong weekly bullish candle.
2. Price also closed above a support level.
3. Price was coming from a strong support level.
4. Awesome oscillator is still below 0 and it's just resuming bullish region.
Disclaimer: this is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
Smciidea
SMCI ONCE IN A LIFETIME DIP BUY!!!Ive taken a $600 position on SMCI I will be looking to size into as it works. You can clearly see what happened last time we were at this price area. I have less than a $1 stop loss if price were to return below the green line. This will be a LONGGGGGGGGGGG hold into the future.
SUPERMICRO COMPUTERS $SMCI |SUPERMICRO TO SUPER BEARISH Dec13'24SUPERMICRO COMPUTERS NASDAQ:SMCI | SUPERMICRO TO SUPER BEARISH Dec13'24
When to enter NASDAQ:SMCI :
NASDAQ:SMCI BUY/LONG ZONE (GREEN): $39.00 - $48.00
NASDAQ:SMCI DO NOT TRADE/DNT ZONE (WHITE): $34.85 - $39.00
NASDAQ:SMCI SELL/SHORT ZONE (RED): $18.50 - $34.85
NASDAQ:SMCI Trends:
NASDAQ:SMCI Weekly Trend: Bearish
NASDAQ:SMCI Daily Trend: Bearish
NASDAQ:SMCI 4H Trend: Bearish
NASDAQ:SMCI 1H Trend: Bearish
NASDAQ:SMCI has been spiraling downwards for weeks. We finally saw price come to life just this past month, but the bearish trend has continued. The break below 40.00 confirmed the bearish trend for me, and I will look to see price either continue below 34.85 or try to create some type of support here. Bulls should be eyeing a break above the 39 - 40 level to try to gain some momentum. My trend indicators are also all pointing to the downside.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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