city_rabbit

city_rabbit

If the selloff rages on, we will see the stock testing 1.18$, completing a head and shoulders pattern. We can see on the 1h chart that MACD and RSI indicate a potential bullish reversal. Right now shorts hold 18% here with a short ratio of 0.13.Let's see if they can squeeze this lower or will eventually end up being squeezed out by longs. Good luck everyone

city_rabbit

Elliot waves take a break after an impulsive streak, that's what we can see here. The stock held the critical $300-ish Fib level and now reversing, having left the oversold zone getting ready for its next upward stretch. Holding $321 is the next challenge, but rest assured a company with 400 billion annual rev isn't going anywhere. The press smears won't stick...

city_rabbit

MACD and RSI shows similarities to the exuberance we saw in February. MACD is still below levels that helped push the price to $60+... Can it go there? Opening moves remain critical, given limit sell triggers. Short position is 21% and short ratio is 1.4. We may see an epic squeeze as many will scramble to cover. SMCI has low P/E, so whichever way you are...

city_rabbit

See this beautiful trend forming here, time to get out only to dip back in once levels hit the right Fib levels. Line of resistance is evident, holding around $11 while line of support firmly at $5.70/6-ish. I'd ride this down to $7-ish, then buy back long at those levels. Enjoy the ride!!!!