SMCI Congrats to everyone who held or bought more during the recent drop! It seems like $31 area is holding as strong support for now. I’m not worried for the next few weeks since the bears don’t have much left to scare us with.
I’m staying long on this one. I expect the stock to move sideways with some ups and downs, then consolidate and start trending upward. By that time, we’ll likely start seeing good news come through as well.
SMCI This company's stock will come back with a vengeance and that's all there is to it. Their cutting edge rackcooling technology is second to none and is critical for the success and execution of AI infrastructure. They will absolutely get their finances in order. This is multi-billion dollar company with real products and honest leadership. It's just a matter of time.
SMCI If the premarket volume sustains, the price could see further upward movement at the open. Maybe, a pullback to test lower support levels around 34.55 or lower) is also possible before resuming upward.
Key Level to Watch: $34.72 (recent high). If this breaks with strong volume, the bullish move can continue. We need to see a nice $40.00++ before xmas!