SMCI.....Who is kidding whom were?Hello Traders,
a wild ride for SMCI at the past week! Vola is back!
The massive buying-panic on Thursday`s session (`caused by the excellent earning @ Nvidia) has been sold on Friday!
My last count assumed a wave b upwards and a wave c to follow! I called this wave a "sucker-wave, `cause they try to lure traders to the wrong path! "B-waves" are kidding you, are looser waves! Be patient!
But what message did the last two candles carry in it self?
Thursdays candle was one with high vlume and a massiv gain, up to 30 % at the session. This is to much within a short time!
Friday`s session was the opposite of the day before. Selling pressure and weakening hands, including a "gap-down" at the opening!
The closing price on Friday was shy below Thursday`s open! So, if traders continuou the selling action, the target for this sell-off is at or around $588.- to 641.- range!
A technicly caused fresh buy-signal will occur at $1003.- on a closing basis daily!
We will see if this action is part of a wave 4 or if this is part of a wave 2 of high degree!
For a final conclusion I need more informations and traders action in the coming weeks ahead!
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
MS51 trade ideas
SMCI Bull Trap Complete? Follow up to
We're now up to the classic 76 retracement level of a bull trap.
If SMCI is setting up the broad reversal spoken of previously, this should be around the end of the bull trap.
Stops must be taken if we break the 86 fib. Something horrible is liable to happen above there.
SMCI.....Sucker-wave underway?Hello Traders,
SMCI fell to 692.- and reversed strongly. Today`s pre-market price is @ $839.20, caused by the excellent earnings @NVIDIA!
But where does the stock go from here?
A wave usually appears in sub-waves on all time units. This means that 5s or 3s are also visible here.
So far this is not visible for SMCI. I suspect that the jump in the pre-market is part of a b-wave.
B-waves are "sucker waves" that try to lure a trader into the wrong direction. So be careful if you want to follow this stock's path.
I intend to watch the stock for the time being (this week) and then decide on a new long entry if necessary. However, I would like to see clear chart and/or candlestick information on this!
From a technical perspective to call, the next entry point for the stock is a new ATH!
But where to stop?
I recommend to be patient and wait for clear signals! I will update the count after new information.
Have a nice week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
SMCI - Breakout of Rectangle On The CardsSMCI has formed a 5 month consolidation rectangle and is about to break out.
This setup is similar to Nvidia one which we had a couple of weeks ago.
SMCI just raised their Q2 forecast this morning.
Semiconductor sector is very strong at the moment.
Pure momentum play here.
Initial target is at 450.
Big Pullback On SMCI - Super Micro ComputerSMCI is another company whose share price is strongly benefiting from the bubble in AI stocks and looked WAY over bought for the last few weeks. It is still up 776% over the last 12 months and that is after Fridays 20% pullback!
NVIDIA who is leading the AI charge has earnings on Wednesday and depending on how that goes we might see a bounce on SMCI or a bigger drop. Buyer and holders beware. Post NVIDIA earnings should see more certainty.
Secondary indicators such as the RSI and the MACD both show weakening momentum as well as the price is probably still too high unless it starts to consolidate or pull back further.
Big reaction on Friday with profit takers probably sensibly jumping ship. Will be interesting to see how it goes in the next few weeks.
SMCI.....Party over? An increase of $604.- a share in 2 monthHello Traders,
SMCI has risen to $1077.87, which is shy below my cited target $1088 as announced at my last analysis!
It opened with a gap-up, but right after the first few minutes of trading, the stock changed direction and a "sell-off" started!
As a result, the closing price of the trading session was @ $803.32, a loss of 274.55 or about 25% from high to low!
The next thing to note is the fact of a "bearish engulfing! A sell signal from a candle stick perspective. But be patient by selling this stock!
More often than not, stocks that have risen this way, bring back buyers into the market, and they consider this circumstance as a good trading opportunity!
Interestingly, that the sell-off ended about the level of $800.-!
One of my followers give me the note, that "tons of $800.-calls" have been traded some days ago!
But! What to expect as next for SuperMicroComputer?
Well, after such an advance, a stock always needs to take a deep breath and should move sideways to cool down and consolidate this move! As a result of this, a week's long phase of even consolidation or correction could be next!
Observing the volume profile (right-hand side) give you the argument of weakening volume!
A message, probably it doesn't take much to send the stock lower!
But, observing the facts, Monday will give us brand-new information of what could be coming in the following trading week.
As long as the high is valid, the path for SMCI should be lower with targets at or around $666.09 to $611.93 to $574.07 at latest! If so to come, a wave 4 of minute degree have ended there, and the next is a rise to new ATH`s!
For shorthand, "the music stops playing"! Grap a chair, sit down and observe!
This is the best to do for next sessions!
Trader who have followed my trading idea, has earned an increase of roughly $604.- a share!
Not bad for a 2-months trade! Congrats!!!!!
Update comes after new facts!
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
** SMCI Price Action REview **Going over what happened to SMCi how to read what the market is telling us and keep our bias's out of our trading plan. I dont know what a stock will do, you don't know, nobody knows what a stock will do and its not our job. our job is to take High Reward to Low Risk trades. Let's make sure we Review SMCI and get ready for the next one. Do the hard work. learn to manage Risk and when to take Action. that is our goal for the Rest of 2024.
SMCI Experiences Rollercoaster Week Amid AI BoomThe stock market is often a whirlwind of ups and downs, but few stocks exemplify this volatility as much as Super Micro Computer ( NASDAQ:SMCI ) in recent days. With its shares soaring to unprecedented heights before tumbling back down, NASDAQ:SMCI 's journey reflects both the excitement and unpredictability surrounding the artificial intelligence (AI) sector.
Unveiling the Rollercoaster Ride:
In a week marked by dizzying swings, NASDAQ:SMCI 's stock embarked on a wild ride that left investors both exhilarated and apprehensive. Following a remarkable surge that propelled the stock above the remarkable milestone of $1,000 per share on Thursday, NASDAQ:SMCI experienced a dramatic reversal, plunging by over 12% to $880.64 just a day later. This rollercoaster trajectory underscores the volatile nature of the market, particularly in sectors driven by transformative technologies like AI.
The Driving Force:
Fueling SMCI's meteoric rise is the ever-expanding landscape of artificial intelligence. Analysts and investors alike have been captivated by the potential of AI to revolutionize industries ranging from healthcare to finance. With NASDAQ:SMCI positioned as a key player within the AI ecosystem, bolstered by strategic partnerships with industry giants such as NVIDIA, Advanced Micro Devices (AMD), and Intel, the company has emerged as a focal point for those seeking exposure to this lucrative market.
Analyst Insights:
Barclays analysts have recalibrated their outlook on NASDAQ:SMCI , raising their price target to $961, citing the company's adeptness in navigating the complexities of AI architecture. They highlight NASDAQ:SMCI 's agility in customizing solutions to meet the evolving demands of AI applications, underpinned by its flexible manufacturing capabilities.
Meanwhile, Bank of America analysts echo this sentiment, initiating coverage with a bullish "buy" rating. They emphasize NASDAQ:SMCI 's potential to capitalize on the burgeoning demand for AI servers, emphasizing the company's adaptability in integrating new designs and technologies as the AI landscape continues to evolve.
Looking Ahead:
As NASDAQ:SMCI navigates the turbulent waters of the stock market, the company remains firmly positioned at the forefront of the AI revolution. With analysts bullish on its prospects and investors eyeing the potential for further growth, NASDAQ:SMCI 's trajectory serves as a compelling narrative of the opportunities and challenges inherent in investing in transformative technologies.
Conclusion:
SMCI's rollercoaster week encapsulates the excitement, uncertainty, and potential inherent in the AI sector. As investors continue to grapple with the implications of AI-driven innovation, NASDAQ:SMCI stands poised to carve out a significant role in shaping the future of technology and finance alike.
SMCI: If this is a fake spike, it should end soon. SMCI has recently made a huge spike over the 4.23. The 4.23 is often a good resistance level and prices can retrace as deep as the 1.27 if they make a top there.
Trading would be much easier if not for the spike outs, but spike outs do exist.
In a spike out we should expect the strongest action of the move and it seeming impossible this won't go higher.
Spike outs of 4.23 usually have an upper range of about 25% above the resistance level. This is now met.
If we're in a spike out - an obvious rejection should come next.
SMCI.....Next stop 1000.-?Hello Traders,
SMCI has no mercy on traders who bet on declining price!
The stock is rising from high to high and the reward for those who bet on this scenario is unbelievable!
Next stop should be around $1000.-, an extended price target is around 1088.-!
While the stock has been rising with higher volatility, it needs a drop below 745.- range to call out a "stop" of the advance! For now, there is no evidence to support this idea.
The advance is part of a wave 3 of higher degree and could extend up to $1375 area, if my idea works out!
I have closed my position and sold the rest of it (⅓) and had a great reward too!
Traders who have followed my idea since December 17th have this too!
Make sure you leave the floor, before the music stops! Once, this rally is over and a correction will be next, I expect a many weeks long phase of sideways or corrective action!
Be patient!
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
SMCI OutlookThis stock price rally for a while since the news of microchip something in the brain of tesla which contributes to the price today now i am looking for a good pullback to entry on this one but either way even tho entrying on this price is still quite looking good there is a risk of it. in techical side of it both tenken sen and kijun sen showing a strong upward movement similarly the chinko span is also pointing upward while the cloud remain a healthy green cloud which indicates a good volume
SMCI.....Note the volume!Hello Traders,
SMCI has made new ATH @ $745.17 on Friday! For whom which trade this stock, a great reward ratio!
But what to expect ahead?
Well, the highs are not supported by increading volume. That means, most traders are invested in this stock. For me, a "danger" situation. But, what do I know?
Anyway! A pause of the bull market, should lead to a longer time of "consolidation" for SMCI. After such a long run, the stock needs to take a deep breath and cool down!
Volatility is always higher for this stock, and a new entry and buy is not to recommended at the moment.
If my counting idea work out, a wave ((4)) should be next in the coming days ahead. As you know, a
Wave 4 of any degree, almost always consolidates to a 38.2 Fibo level of the latest advance.
For SMCI means a "sideways action to 510 level, when the bulls are exhausted now!!!
The coming days will give an answer; for now there is no argument for this!
Bulls should have an eye to the chart and act accordingly!
I sold ⅔ of my position and set an SL for the rest! And, what to say? I am happy with that!
Chart will be updated in the coming days.
Have a nice weekend.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
SuperMicroComputer.....Bulls go crazy! Hello Traders,
SuperMicroComputer, the bull stock, has been making new ATH`s in a row since the impulsive move at $276.- started on January 03!
The first time I analyzed this stock was on December 17 and I saw a possible massive breakout to new highs ahead!
That is exactly what has happened since then! Yesterday the stock closed at $663.35. The pre-market is now looking at a price level of 678.76!
Traders who followed this idea had a great trade. (The grey arrows marks the entry-level and day of analysis)!
I took ⅔ of my position off the table this morning and made one of my best trades ever! (That much self-praise is necessary)!
But what can we expect from this stock in the coming days?
Well, nothing goes forever, and in my opinion the rise is not over yet. But the air is getting thinner and thinner after rising to these levels.
Buying a stock at ATH levels is a psychological problem and requires a lot of courage to do so! But remember! Doing so, more often than not, offers excellent chances for rising price!
The general question is: "Where to set the stop-loss level to protect your money?
One option is to watch the chart and wait until a "three-down" is clear on a daily basis. Then jump in and set a close SL level below the recent low!
I will check the chart constantly and give you some news for a possible trading opportunitie!
The count is valid!
Have a great week .....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
Super Micro Computer Just Hit a New All-Time High
Super Micro Computer (NASDAQ: NASDAQ:SMCI ) has been making waves in the stock market, hitting a new all-time high fueled by a remarkable 2023 and a phenomenal earnings report to kick off 2024. As the stock continues its ascent, investors are left wondering if there's still time to climb aboard or if they've missed the boat. Let's delve into the factors driving Supermicro's success, particularly its role in the booming artificial intelligence (AI) market, and explore the potential for further growth.
The AI Boost:
One of the key drivers behind Supermicro's ( NASDAQ:SMCI ) recent surge is its pivotal role in the AI revolution, with a spotlight on its collaboration with Nvidia, the leading graphics processing unit (GPU) supplier worldwide. Nvidia's GPUs are crucial for the intensive calculations required in processing vast datasets and building AI models. Supermicro ( NASDAQ:SMCI ) steps in with its highly customizable line of servers tailored to various needs, from engineering simulations to drug discovery and AI deep learning.
The Numbers Speak:
Supermicro's ( NASDAQ:SMCI ) second-quarter fiscal year 2024 results were nothing short of impressive, boasting sales of $3.66 billion, a staggering 103% increase from the previous year. The company not only surpassed its own guidance but also laid out robust projections for the upcoming quarter and the entire fiscal year. With Q3 revenue expected to reach approximately $3.9 billion, reflecting a remarkable 205% growth, and an earnings per share (EPS) estimate of $5.22, the outlook appears promising for Super Micro Computer.
Conclusion:
Super Micro Computer's ( NASDAQ:SMCI ) journey to new all-time highs has been undeniably fueled by the AI boom, robust financial performance, and optimistic projections for the future. The article wraps up by summarizing the company's strengths, potential challenges, and the considerations investors should weigh when deciding whether to join the ride or exercise caution in the face of industry forecasts. Supermicro's ( NASDAQ:SMCI ) success story, as outlined in this article, paints a picture of a company on the cutting edge of technological innovation, but the road ahead may not be without its twists and turns.
SMCI is pumped up to the stars on 100% pure speculation.SMCI - Super Micro Computer, Inc. has been on an absolutely incredible run for quite some time. However, the sheer amount of FOMO that has rushed into this stock has literally driven it to the moon on nothing but pure speculation. But that momentum is about to come to an abrupt end!
Here soon, you're going to see the buying flip to selling as the shorts start to enter into massive short positions. As the price falls, stop after stop will be taken out in rapid succession, causing longs to panic and add to the selling...
First, it will drip, then it will start to gush, then a spark will ignite, and within hours the whole shithouse will go up in flames!
When this collapses, millionaires will be made in a matter of hours, and many longs will become bag-holders squared!
Watch...