MS51 trade ideas
SMCI - It's been a great ride, but all good things.....SMCI has had a great run. Despite Covid and despite the great 2022 sell-off, it has continued to climb. However, I now see it reaching the end of its third wave and sadly, I'm seeing a few years of decline. Such a great performer when all else was falling, I will miss it for the foreseeable future.
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.
SMCI LongSMCI Bull flag after cup and handle gives a good risk to reward ratio. Clearly in an uptrend.
SMCI nice and tight, riding the 10 SMA SMCI nice and tight, riding the 10 SMA. Just a watch for now, but nice to see under current market circumstances.
$SMCI Breaking Out?$SMCI Looking like it's breakout here showing massive RS in this market. I have a small starter position. Ideas, not investing / trading advice.
02/08/2023 SMCI short opportunity - Hi traders,
It appears that SMCI presents a favorable opportunity for shorts over the course of multiple days.
reasons
1. $92-$95 is a huge selling area.
2. The presence of a Gravestone Doji candle in today's market suggests a potential short-selling opportunity. This pattern often indicates that the sellers have taken control of the trend during the intra-day trading period.
3. Volume is trending down, which possibly means buyer exhaustion.
4. The underlying fundamentals seem to support this view, as the bond yield curve has contributed to a decline in the market today. Furthermore, the trend of major indices such as the SPY and QQQ has shifted to a bearish outlook as of today.
*The stock itself got a great analyst rating and the company is in the growth stage. I am expecting it may or may not, retract to T1 trendline.
SMCI - Range breakLooking to play the range break at 85.30 for a quick runup to $100 area.
Stop tucked in under the 50 sma at 83.10 for 5% downside risk gives 3R target.
🟨 2023 WATCHLIST: $SMCI2023 WATCHLIST
A series of stocks that i will be monitoring at the beginning of 2023
Here is a new issue from the Computer Hardware Industry.
Relative Strength (IBD): 99
IPO: 2007
Sales acceleration:
Jun-22: 53%
Sep-22: 79%
Funds acceleration:
Jun-22: 385
Sep-22: 421
🟦 William O'Neil Rule – WALL OF BLUE**Publishing again because it got taken down by Mods**
While this has pulled back recently - it reminds me of a lesson from the great trader William O'Neil and his lesson for the "WALL OF BLUE" 🟦
Not many know this rule, so hope you like it!
Wall of blue rule states that when you have 4+ weeks of blue volume bars (blue volume bars = volume when the week close up, hence up weeks), then this is a buy signal of itself.
In the case of $SMCI we also have above average volume - which is additional strength and confirmation.
This is a signal that the stock is under heavy accumulation from institutions and hence why it made +83% advancement.
Now it is pulling back and it is extended from any base - so I would not touch it here, but it is a good example to illustrate the rule
SMCI: Tightening Up + Inside-day Bar$SMCI tightening up after post-earnings gap up on high volume. Good risk-reward for entry, as inside-day candle yesterday allows for tight stop loss to be placed.
First trade using MACD stategyI have setup the stock screener to find stocks with MACD just crossing over and detecting a long position. I have several filters setup in the screener and this Friday the 9. September 2022 nothing showed up in the screener except when I tried 4 hours setting. Just Super Micro Computer passed the filters.
For this experiment I will then stay on the 4 hour chart and see how this plays out in real live.
So the plan is to follow the rules regarding this strategy. For going long the buy signal should be below the MACD zero line. Buy signal is when the blue level line is crossing up the orange signal line.
We also need to have the stock price over the 200 EMA and the 200 EMA needs a positive slope.
So the plan is to take the trade on Monday and I hope to get in at a price about $67.
Stoploss is set to just below the support line at 60.65 and the risk to reward ratio to 1.5 %. Meaning a profit target set to price level $76.63.
SMCI Potential Pullback SetupTremendous Relative Strength on $SMCI gapping into ATHs few days ago and now pulling back to the top of its previous base.
Put in an inside day Friday right around its 21 EMA.
Worth keeping an eye on early this week as a pullback buy setup.
$SMCI Potential Pullback Buy$SMCI broke out of a 7 months base on its earnings with sky scraper volume bars. It PB since then on very low vol and is exhibiting strong RS for the last few days.
Multiple pocket pivots on this last up move resulting in OBV breaking out before price.
One to watch next week.
SMCI Calling Wedge Break out with Ceiling of $2 option play @$2Falling Wedge Break with Ceiling to the upside of $2 before it hits its first level of resistance.
If you like these types of Ideas please like follow and Tip your bartender.
by iCantw84it
11.11.21
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
2017-06-17 - Supermicro - Neutral Opinion but with a Buy in mindI want to go long on Supermcrio.
BEARISH:
The downtrend (red line) is still in effect so I am standing at the side.
The short interest on the stock is around 9%, which I consider to be a safe value.
BULLISH:
Over the last weeks the average volume has increased compared the volume before earnings.
This shows that interest in the stock has increased and a breakout may be coming soon.
The purple trendlines indicate that an uptrend is beginning, the stock seems to be no longer making lower lows!
ACTION PLAN:
If there is a retest under 24, I will buy and hold, with a mental stoploss at 23.
If however the stock moves above 26 I will buy the pullback.
SMCI clears advanced pivot within 1st stage double bottomSMCI was one of our favorite picks from the free excerpt of the Ready List this weekend. Of the 38 setups in primary bases this weekend, SMCI was ranked #20 overall with a Stock Evaluation Guide score if 8.75. Today it broke out from the advanced pivot at 34.46 on heavy volume and closed near the top of its trading range. From here, for the move to continue smoothly we’ll want to see it hold 33. All of the major moving averages (10, 21, 50, and 200) are all clustered around this area.
SMCI appeared as one of the top 3 Gainers on heavy volume today on ChartYourTrade.com To see the others we've analyzed, click here: chartyourtrade.com
