Put your seatbelts on for $SMCI to $55-65 range

- traders be ready to pounce and ride the momentum for this name.

- Buyers are getting aggressive and price can easily be pushed to 55 ( 200 sma ) to 65 range.

- $55 seems to be a resistance, if price moves above that then we could be seeing some parabolic moves in this name.

- Please Notes that, has to submit SEC filing before Feb 25, 2025 and CEO re-assured that they would be filing the documents to SEC in time.

- So, next 2 weeks, buckle up your seatbelts for volatility!

Note

Note:
- Vanguard bought 1 billion worth of in the latest quarter. They know something which we don't know!
- In total, this quarter, funds added 3.5 billion worth of

Note

Fundamentally, if the regulatory hurdle is resolved then we are looking at potentially $85-95 based on fundamentals

said it would make 40 billion in revenue for 2026. If that's true which is high possibility because will start ramping up blackwell chip in full throttle by 2026.

Then, P/S of 2 gives this stock around $80 and p/s of 3 -> $120. These are conservative estimates.

Note

Get ready for action pack shortened week. could drop SEC filings this week!

Trade closed: target reached

🎯 closed @ 62

bigbull037

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.

bigbull037