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SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC

SUPER MICRO COMPUTER INC

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SMCI trade ideas

SMCI You won't be able to catch this rally after it starts.Super Micro Computer (SMCI) has so far followed to near perfection our last long-term analysis (May 13, see chart below) where we called for a prolonged accumulation (red Rectangle) of at least another 2-months before the real cyclical rally started: We called then that 'patience will be rewarded' and the stock is finally close to rewarding your patience on the long-term. As you can see, every time in the past 18 months that the stock formed an Accumulation Phase this long, it then posted an incredible rally of +417%. Throughout this process, the 1D MA200 (orange trend-line) always remained intact and supported. The rally started when the 1D MA200 got to its closest with the 1D MA50 (blue trend-line), which is the exact situation we're at right now. As a result, we expect the parabolic rally to start any day now and as the title says, once it starts it will be difficult to catch. Typically entries within the Accumulation Phase should be done while it lasts. Our long-term Target is intact at $3500 (exactly +417% from the recent Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:SMCILong
by TradingShot
2
Bullish on SMCI - Symmetrical Triangle FormationSMCI looks has clearly formed a symmetrical triangle. I expect a triangle breakout at earnings or possible before earnings if really good news is expected. Because this is a symmetrical triangle, you have to play the direction of the breakout. Have a tight stop loss at 800 and prepare for take off to retest $1220 💰. If this breaks out bullish, this will be a 45%+ move 🚀. On a side note, I'm expecting a stock split announcement and a killer earnings to catapult this thing. Hold on 💺
NASDAQ:SMCILong
by rellroad21
4
$SMCI #Breakout #Retest #GO PT: 1300 (300 Follower Special)Super Micro Computer to replace Walgreens in Nasdaq 100... #KeepItSimple This has JUICE Potential. 1) The break out retest is #TextBook (Is TSLA doing something Similar ;p ) 2) There's a lot of positive flows forced into NASDAQ:SMCI now... 3) Plus the general Semis BULL TREND... 1000 dollar break = $1300 FAST imo. This could honestly open over 1k on Monday Morning, Gonna rip up so high so fast most will wait for pullback that doesn't happen for weeks... #ThinkTSLA2020 when added to S&P500... Do with that what you can... -Proph Thank you to all the new followers! Glad I'm not talking to myself on here (Mods adjusted the ALGO for me so I may stick around #TBD)! As mentioned, don't hesitate to chat me. Referral Link Here; www.tradingview.com
NASDAQ:SMCILong
by Prophecies_R_Us
SMCI: The trigger for the next rally! (D&W charts)The SMCI chart presents a compelling case for bullish potential, highlighted by significant bullish patterns on both the daily and weekly timeframes. On the daily chart, SMCI is forming an ascending triangle, a bullish continuation pattern. This pattern is characterized by rising lows supported by an ascending trendline, while the price faces resistance at $972.44, which is its most important resistance level. The consistent formation of higher lows suggests increasing buying pressure. Recently, the price has closed near this resistance level, indicating a potential breakout. If the price successfully breaks and closes above $972.44, it would signal a strong bullish continuation. However, a fall below the ascending trendline could indicate a possible reversal or a phase of consolidation. On the weekly chart, SMCI exhibits a pennant pattern, another bullish continuation signal that forms after a significant price move. This pattern is marked by a period of consolidation with decreasing volatility, bounded by converging trendlines. The price action is currently testing the upper boundary of this pennant, suggesting a potential breakout. A break above this pattern would confirm the continuation of the bullish trend, likely leading to a substantial price increase. Conversely, failure to break above the upper trendline and a drop below the lower boundary could indicate a more pronounced pullback or extended consolidation phase. Overall, SMCI shows strong bullish tendencies supported by the ascending triangle on the daily chart and the pennant pattern on the weekly chart. Both patterns suggest further upward movement if key resistance levels are broken. Traders should monitor these levels closely for a confirmed breakout to validate the bullish outlook. Failure to break these resistance points might lead to short-term consolidation or pullbacks to support levels. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:SMCI
by Nathan_The_Finance_Hydra
SMCI Nasdaq InclusionI've posted about the death of Walgreens quite a bit lately and now it is being removed from the Nasdaq in favor of SMCI. It's set to happen on July 22nd. I'm more concerned with SMCI than WBA, this could lead to a lot of hype and huge move for SMCI. It had a nice bull flag breakout and retest in June, but it has mostly been sideways since. This is always a volatile stock, so I would expect it to continue especially after this news. Here are some potential paths moving forward. It has a nice pennant that could break in either direction and when it does, it should be a big move. My first upside target is 1020 and then ATH. If it breaks to the downside, I'd be looking for it to find support around the low from April at $671.
NASDAQ:SMCILong
by AdvancedPlays
The share Super Micro Computer (SMCI) can now multiply again.Technical Analysis of Super Micro Computer Inc. (ticker on Nasdaq: SMCI) The Super Micro Computer (SMCI) share shows a very strong development within a long-term rising trend, and now the share can face further strong growth within this rising trend. In recent months, the share has consolidated within a large triangle consolidation formation, and a break from this consolidation formation will trigger a strong technical buy signal for the share. There will then be little technical resistance to a further rise for the share, and lead up around the upper trend line in the long-term rising trend within which the share moves. This indicates a potential for the share up to USD 4,000, and preferably within just the next 6-12 months. The share closed on Friday 05 July 2024 at a price of USD 846.58, so the potential for the share can be very large. The overall technical picture for the share is very positive, and indicates that there may soon be such a break from the recent large consolidation formation, and that further upswing within the rising trend may come in the next 6-12 months. The share now finds support around the 50-day moving average, and from the overall technical picture for the share, it is now indicated that a break up from the aforementioned large triangle consolidation formation may come within a short time (1-2 weeks). The share is now down towards the lower trend line and support level in the steeply rising long-term trend within which the share moves, and the share appears as a very interesting buy candidate at the current price level. With a potential perhaps up to around USD 4,000 in the 6-12 month term, and with a share price today of USD 846.00, and with a stop-loss at, for example, USD 700.00. Yes, there is a very good risk-reward ratio here for this share case here with Super Micro Computer Inc. (SMCI). Here it is well worth keeping a close eye on this share, Super Micro Computer Inc. (SMCI), in the time to come, the undersigned believes.
NASDAQ:SMCILong
by StockCharts365