CrayonGuy

CrayonGuy

Date: March 18, 2025 SMCI today held off on the $40.50 level today. This level is CRUCIAL! By holding this level off, it kept the higher low. There is one issue though. When I'm looking at this graph and thinking about what I will do tomorrow for SMCI, it could go either directions really. These are the two predictions that I have: Purple Line: The best hope...

CrayonGuy

Monday is shaping up to be a crucial day for TSLA. The stock has been consistently testing the $250 level, and a break and hold above this zone could signal a return to an uptrend. If buyers step in and sustain the price above this resistance, we could see further bullish momentum. However, if TSLA fails to hold above this level, there’s a strong possibility of a...

CrayonGuy

Chart Analysis On the daily chart, SMCI (Super Micro Computer, Inc.) has been trading within a broad descending channel (shaded in blue). Recent price action shows a breakout from a tighter, shorter-term channel (shaded in red), suggesting the potential for a trend reversal. Key levels to watch: Support around 35.99: This level has acted as a floor in recent...

CrayonGuy

Overview: At the time of writing, the stock is hovering around $215, barely holding on to that level. The next significant support aligns with the lower boundary of my descending channel, around $210. If that level fails, I believe we could see further downside—potentially even a move below $200 if selling pressure intensifies. Technical Observations: 1....

CrayonGuy

Analysis: Looking at today, Tesla dropped another 15.43% ($40.52) and 3.22% ($7.14) in aftermarket. It broke through the supporting line of $250, passed through the middle linear regression line (look back period of 160) and ended up below the bottom deviation of 2. At this point, it’s sitting around $215, barely holding at this level. The next key support is...

CrayonGuy Updated 

On March 3, 2025, TSLA underwent a notable retest, aligning with our earlier analysis. The stock opened at $300.34, dipped to $277.30, and closed at $284.65. This movement tested the anticipated support levels. In the following days, TSLA demonstrated resilience, stabilizing and closing at $279.10 by March 5. This retest and subsequent stabilization suggest a...