SMCI Excellent short-term buy opportunity.
Super Micro Computer (SMCI) has been trading within a Channel Up pattern since the April 22 Low, with every Bullish Leg registering at least a +35.80% rise. The price is now just below the 4H MA50 (blue trend-line) and the final technical confirmation that's needed is for the 4H MACD to form a Bullish Cross.
As a result, this is an excellent short-term buy opportunity. Or Target is $1050 (just below the +35.80% mark).
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As a result, this is an excellent short-term buy opportunity. Or Target is $1050 (just below the +35.80% mark).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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