SMCI - builds the data centers for AI and is hotter than hot
Updated
Super Microcomputer is on hard run up trend- at its all-time high, this stock is demonstrating
a high tight bull flag pattern. In a massive move SCMI is up 180% YTD five months so on pace for
400% annualized. Most experts expect more of the same. It is currently resting in consolidation
( the tight channel of the pattern) The zero-lag MACD shows the lines about to cross over the
histogram. I will watch this stock for either a bullish continuation or a pullback. Its
fundamentals are outstanding and its collaboration with NVDA will carry it far. I will wait
for a great entry and take a big bite. This stock's P/E makes it an incredible bargain.
a high tight bull flag pattern. In a massive move SCMI is up 180% YTD five months so on pace for
400% annualized. Most experts expect more of the same. It is currently resting in consolidation
( the tight channel of the pattern) The zero-lag MACD shows the lines about to cross over the
histogram. I will watch this stock for either a bullish continuation or a pullback. Its
fundamentals are outstanding and its collaboration with NVDA will carry it far. I will wait
for a great entry and take a big bite. This stock's P/E makes it an incredible bargain.
Note
I failed to mention that the typical high-tight bull flag pattern typically has another leg up in bullish continuation after the flag part which is the consolidation. It isthe bullish continuation that will reward my patience.
Trade active
This has been an insane week. Will it continue?Note
An interesting article documenting how tight this stock is with NVDAmoneycontrol.com/europe/?url=https://www.moneycontrol.com/news/business/markets/the-ai-server-provider-company-to-nvidia-jumps-by-201-percent-in-2024-so-far-12345651.html
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