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Super Micro Computer, Inc.
Short
Updated

SMCI broke the daily consolidation.

301
SMCI broke the tight daily consolidation to the downside today, confirming a short entry at $600 after losing daily demand. I will keep it on watch tomorrow with any weakness in SMH and QQQ for a potential continuation play down to the next daily demand. snapshot
Trade closed: target reached
SMCI confirmed the short continuation on the Hindenburg Research report and traded all the way down to the daily lower Bollinger Band, where the trade was closed. I noticed significant weekly $595 put flow yesterday, just prior to the $600 breakdown, which gave additional confidence in this trade.
DMT_Doctor
Also on:
Moving AveragesPivot PointsQQQsemiconductorsSMCISMHSupply and Demand

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.
Moving AveragesPivot PointsQQQsemiconductorsSMCISMHSupply and Demand
DMT_Doctor
Also on:

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.