SUPERMICRO COMPUTERS $SMCI |SUPERMICRO TO SUPER BEARISH Dec13'24SUPERMICRO COMPUTERS NASDAQ:SMCI | SUPERMICRO TO SUPER BEARISH Dec13'24
When to enter NASDAQ:SMCI :
NASDAQ:SMCI BUY/LONG ZONE (GREEN): $39.00 - $48.00
NASDAQ:SMCI DO NOT TRADE/DNT ZONE (WHITE): $34.85 - $39.00
NASDAQ:SMCI SELL/SHORT ZONE (RED): $18.50 - $34.85
NASDAQ:SMCI Trends:
NASDAQ:SMCI Weekly Trend: Bearish
NASDAQ:SMCI Daily Trend: Bearish
NASDAQ:SMCI 4H Trend: Bearish
NASDAQ:SMCI 1H Trend: Bearish
NASDAQ:SMCI has been spiraling downwards for weeks. We finally saw price come to life just this past month, but the bearish trend has continued. The break below 40.00 confirmed the bearish trend for me, and I will look to see price either continue below 34.85 or try to create some type of support here. Bulls should be eyeing a break above the 39 - 40 level to try to gain some momentum. My trend indicators are also all pointing to the downside.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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