SMCI at 50% retrace and Trendline - long This is a fib pitchfork and Fib retrace. we have confluence at the 50% and trendline. This is a long for me.
SMCI trade ideas
SMCI Days are coming backA new Bull run on SMCI is near if Semi's overall momentum is intact and SMCI fundamentals and earnings really improve. As SMCI CEO, they are pretty active in marketing and promoting its liquid-cooled server racks. They are the suppliers to TSLA after Dell, and they are also suppliers to many sovereign clients.
My last trade idea ran for good and made an excellent profit. Please like & share if it makes sense to you.
Still back to 800 before earningsDue to tech, like everything else, this has cultivated into a string of selling just the same as the indices and other struggles from earnings reports, fundamentals, technicals, and geopolitical.
This is still on the cards, but at a low of 700, a good formation can fulfill the reversal as the candles are slowing down and resuming with lower volatility than they are accustomed to.
SMCI four-hour chart shows confluence.NASDAQ:SMCI shows a bullish cup and handle on the four-hour chart, as well as a bullish Gartley harmonic. Point C of the harmonic lined up with the lower four-hour 100 linear regression channel and provided the best entry. The middle of the four-hour 100 linear regression channel coincided with the handle of the cup, as well as the weekly 20 SMA, which provided another excellent entry with more confirmation.
SMCI daily and weekly charts show relative strength.NASDAQ:SMCI held up wonderfully on the NASDAQ:QQQ sell-off on Thursday, demonstrating relative strength on the daily chart. Long from $888, which was the intraday VWAP on Thursday, the middle of the four-hour 100 linear regression channel, as well as the weekly 20 SMA.
Next week, there is room to recently weekly highs of $1000, followed by the weekly upper Bollinger Band at $1090 on continuation. NASDAQ:NDX and NASDAQ:NDXE inclusion on 7/22/2024 should provide a bullish catalyst this week, and Super Micro Computer may also be a candidate for a stock split like NASDAQ:NVDA NASDAQ:AVGO and NASDAQ:MSTR
The 10 Best Performing Stocks of The Year (So Far - July Update)I recently asked myself a simple question: What are the top-performing stocks of 2024 so far?
After running a customized scan, I have compiled the data to share with everyone here on TradingView both as a chart above and in this text list below. Each stock on this list met the following criteria:
- They are officially listed on the NYSE or Nasdaq.
- Have maintained a market cap of $2 billion or more.
- Have appreciated by 100% or more since the beginning of the year.
Before I present the list, I want to note an interesting observation: many of these companies were unfamiliar to me before I started. It has been a while since I've encountered so many new names and not NVIDIA, etc.
Let's explore the best performers since the start of the year:
RNA +411%
JANX +328%
SMMT +291%
SMR +256%
DYN +240%
NVAX +235%
ADMA +209%
SMCI +182%
VKTX +179%
HIMS +159%
There are a few reasons why list like these matter. Historically, stocks that have gained over 100% in a year often come from sectors experiencing significant innovation or industry shifts. So, it makes it worth looking into.
I'll be sharing more updates going forward! So stay tuned for more.
Quick final note: this is only for education and entertainment. I am not saying this is a Long or Short list. Always do your own research.
SMCI - The beginning of something SuperLook at the run up into and base it build from Aug 23 to Jan 24. The same story is repeating itself today. For the range trader I believe there are superb opportunities to play between $740 and $930, but for the longer term trader, the stock is building a base before its next move, which might very well be the $1500 as was mentioned in a puff-piece for the stock a while ago.
I plan on being involved this time, having missed the large move back in January.
SMCI is about to resume up-trend after 3-months long sideways?SMCI in my opinion is right now clearly formed an Ascending Triangle, and the price is right on the up-trend line support aka. the baseline of the triangle.
The 3-months long sideways correction move is about to end, and a breakout coming?
In worst case scenario we should see a leg higher to the upper bound of the triangle.
SMCI You won't be able to catch this rally after it starts.Super Micro Computer (SMCI) has so far followed to near perfection our last long-term analysis (May 13, see chart below) where we called for a prolonged accumulation (red Rectangle) of at least another 2-months before the real cyclical rally started:
We called then that 'patience will be rewarded' and the stock is finally close to rewarding your patience on the long-term. As you can see, every time in the past 18 months that the stock formed an Accumulation Phase this long, it then posted an incredible rally of +417%.
Throughout this process, the 1D MA200 (orange trend-line) always remained intact and supported. The rally started when the 1D MA200 got to its closest with the 1D MA50 (blue trend-line), which is the exact situation we're at right now.
As a result, we expect the parabolic rally to start any day now and as the title says, once it starts it will be difficult to catch. Typically entries within the Accumulation Phase should be done while it lasts. Our long-term Target is intact at $3500 (exactly +417% from the recent Low).
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Bullish on SMCI - Symmetrical Triangle FormationSMCI looks has clearly formed a symmetrical triangle. I expect a triangle breakout at earnings or possible before earnings if really good news is expected. Because this is a symmetrical triangle, you have to play the direction of the breakout. Have a tight stop loss at 800 and prepare for take off to retest $1220 💰. If this breaks out bullish, this will be a 45%+ move 🚀. On a side note, I'm expecting a stock split announcement and a killer earnings to catapult this thing. Hold on 💺
850 and less, the resistance area hasn't been broken in 4 They will return stronger like we were bullish last week and hit our target of almost 1000. Now, we're focusing on the 700s because of the situation. There are no new upgrades, and we have no insight into what earnings will bring, whether it can keep up with Nividia, be a leader, or merge. Who knows, but stock-wise, I'm short.
$SMCI #Breakout #Retest #GO PT: 1300 (300 Follower Special)Super Micro Computer to replace Walgreens in Nasdaq 100...
#KeepItSimple
This has JUICE Potential.
1) The break out retest is #TextBook (Is TSLA doing something Similar ;p )
2) There's a lot of positive flows forced into NASDAQ:SMCI now...
3) Plus the general Semis BULL TREND...
1000 dollar break = $1300 FAST imo.
This could honestly open over 1k on Monday Morning, Gonna rip up so high so fast most will wait for pullback that doesn't happen for weeks... #ThinkTSLA2020 when added to S&P500...
Do with that what you can...
-Proph
Thank you to all the new followers! Glad I'm not talking to myself on here (Mods adjusted the ALGO for me so I may stick around #TBD)!
As mentioned, don't hesitate to chat me.
Referral Link Here; www.tradingview.com
SMCI: The trigger for the next rally! (D&W charts)The SMCI chart presents a compelling case for bullish potential, highlighted by significant bullish patterns on both the daily and weekly timeframes. On the daily chart, SMCI is forming an ascending triangle, a bullish continuation pattern. This pattern is characterized by rising lows supported by an ascending trendline, while the price faces resistance at $972.44, which is its most important resistance level. The consistent formation of higher lows suggests increasing buying pressure. Recently, the price has closed near this resistance level, indicating a potential breakout. If the price successfully breaks and closes above $972.44, it would signal a strong bullish continuation. However, a fall below the ascending trendline could indicate a possible reversal or a phase of consolidation.
On the weekly chart, SMCI exhibits a pennant pattern, another bullish continuation signal that forms after a significant price move. This pattern is marked by a period of consolidation with decreasing volatility, bounded by converging trendlines. The price action is currently testing the upper boundary of this pennant, suggesting a potential breakout. A break above this pattern would confirm the continuation of the bullish trend, likely leading to a substantial price increase. Conversely, failure to break above the upper trendline and a drop below the lower boundary could indicate a more pronounced pullback or extended consolidation phase.
Overall, SMCI shows strong bullish tendencies supported by the ascending triangle on the daily chart and the pennant pattern on the weekly chart. Both patterns suggest further upward movement if key resistance levels are broken. Traders should monitor these levels closely for a confirmed breakout to validate the bullish outlook. Failure to break these resistance points might lead to short-term consolidation or pullbacks to support levels.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
SMCI Nasdaq InclusionI've posted about the death of Walgreens quite a bit lately and now it is being removed from the Nasdaq in favor of SMCI. It's set to happen on July 22nd. I'm more concerned with SMCI than WBA, this could lead to a lot of hype and huge move for SMCI.
It had a nice bull flag breakout and retest in June, but it has mostly been sideways since. This is always a volatile stock, so I would expect it to continue especially after this news. Here are some potential paths moving forward. It has a nice pennant that could break in either direction and when it does, it should be a big move. My first upside target is 1020 and then ATH.
If it breaks to the downside, I'd be looking for it to find support around the low from April at $671.
$SMCI on watch 1000C 7/19VERY SIMILAR setup to NASDAQ:AMD post...
Semi's looking bullish after nice consolidation on previous resistance line.
NASDAQ:SMH looks #JUICY too. Basically NASDAQ:SMCI and NASDAQ:AMD seem late to the party individually. Sector should provide support.
This is not high conviction so no wizard at end, just throwin a dog a bone...
- Probabilities R Us
