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SMCI Update - Closed Tesla but SMCI is a Trade I think we are now ready to start trading smci avery day, to the long side only, you do not want to die prematurely. This is for day trader and super agile traders. You are on your on, remember, no one to blame but you. Having said this. The street is aware that SMCI has super products, they are really ahead, overall a better system that takes less time to produce and configure, is is 60% cheaper to operate because the liquid cooling does save electricity, and they are up and running in half the time a Dell would be. So just like when Tesla was being crucified, remember Tesla at $100 or NVDA at close to nothing just two month ago. Well. This is very similar with SMCI. Now I do calculate the float and the movement of shares. I think there must be some 55% short the stock. This is an outrage, so crowded, that it is primed for an explosion and when it does it will exceed $124, and go to $186.66 the new value based on the new 13.7% marines Up form 8% Again do verify, trust no one and research. I love this ticker, because I bought it very cheap. Obvios. to the rest that did not do this, I think you will be ok, with a bounce higher than before.
NASDAQ:SMCILong
by imcnf5c4ff
1
Wen Crash? Whales PukingThis whole move up has been an epic short squeeze. You have to respect the price action and uptrend, extremely powerful and many traders have been burnt, myself included. I still remain interested in a short so I am watching this on the 5-15 minute time frame. So where is all the buying pressure coming from? Definitely not from the insiders, whales have been puking this thing out for weeks now and this euphoric rally is reaching a climax. We do have a rising wedge and I would not be surprised to see a sharp fall, but wait for confirmation if you plan to go short. We need a change in market structure. Don’t fomo into a short position, respect the trend and inch into your short when it’s time. Not financial advice.
NYSE:PLTRShort
by NoFOMO_
4
TSLA pullback to $275MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Previously stopped out at the 2.618 Fib extension, I'm back in, buying TSLQ, or buying puts at this 3.618 level. Price at or above at top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at oversold level VBSM spiked positive Price at 3.618 Fibonacci level In at $318 Target is $275 or channel bottom Stop loss is $321
NASDAQ:TSLAShort
by chancethepug
2
Barrick Gold (GOLD): Up 33%—Time to Take Profits?What a rise by Barrick Gold since we bought some shares at the end of February 2024. Patience pays off most of the time, and so it has with Barrick Gold. We are now up over 33% with this stock, and we’re very happy with this last-second entry before the stock took off. Gold continues to rise, and Barrick Gold is following suit. However, after every rise, a setback—whether major or minor—will happen sooner or later, and we’re definitely not getting greedy here. We’re going to take our first profit now and move our stop loss to break even. If we decide to reenter with a second position, we’ll let you know with a new limit. For now, we’re just enjoying this setup and the profit. Let’s keep this going 🔥
NYSE:GOLDLong
by freeguy_by_wmc
Visa (V): Pullback Incoming After New All-Time HighsVisa ( NYSE:V ) has reached our anticipated wave 3 target, a significant milestone for this stock that has consistently delivered strong performance. Recently, regulators in the EU have begun probing Visa and MasterCard’s fees, assessing their impact on businesses. While this could pose some risks, Visa’s overall trajectory remains promising. The stock has been setting new all-time highs consistently, but with the potential completion of wave ((v)) and wave 3, we are now looking for a pullback. This correction could offer a great opportunity to open new long positions. Our target range for the pullback is between $280 and $260, though the exact level remains uncertain. Before this, there could still be further upside, with a potential minor retracement between $311 and $325 that would support a bearish short-term outlook. We are monitoring this closely and have alerts set to act when the time is right. Visa remains a long-term performer, but patience will be key to capitalizing on its next move.
NYSE:VLong
by freeguy_by_wmc