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).
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
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).
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.