a market structure waiting to see how this play out but i still believe bears might broke the structure and move lower ,we wait to see what happens next
Super micro is a great stock ,i believe in the long run we will see a strong bullish momentum but it seems that time is not now, currently i believe bears are gaining strong momentum and our bearish channel structure also confirm we are heading towards 17.86 which serve as a previous support and also, on our 4hr chart we are trading below 20 day SMA which also...
bulls will have to break previous 102 which could signal a strong bullish continuations trend, with a 20 day SMA break-through on the daily chart, i believe a break out from 102 will be very possible