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SUPER MICRO COMPUTER, INCSUPER MICRO COMPUTER, INCSUPER MICRO COMPUTER, INC

SUPER MICRO COMPUTER, INC

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SMCI trade ideas

$SMCI NASDAQ:SMCI 📈 Super Micro Computer NASDAQ:SMCI has taken a significant hit, dropping more than 8% following serious allegations from hindenburg research, a financial research firm specializing in investigating and exposing potential financial fraud, according to their three month investigation, there are major red flags in NASDAQ:SMCI accounting practices, the firm has now taken a short position against the stock, which is down over 50% from its peak and has fallen more than 15% just since August 16, going from a high of $1,230 to its current price of $547. 📄 Hindenburg’s report uncovered signs of accounting manipulation, undisclosed transactions, and even issues with sanctions and export controls, additionally it is claimed that executives who left the company due to previous scandals have been rehired. 📊 This year, the stock was soaring, rising from around $290 in January to over $1,200 in March, thanks to its role in the AI boom and partnerships with companies like NASDAQ:NVDA but now, even with a recent 10 for 1 stock split, the price continues to struggle and has dropped significantly. 👁️ So, if you’re keeping an eye on NASDAQ:SMCI , it’s now a matter of waiting for a clear sign that things are stabilizing before investing, hindenburg’s bearish stance and ongoing issues with the company could mean more volatility ahead, it’s a critical time for NASDAQ:SMCI and patience might be key for those looking to play the long game. 📚 I made a post about the pump and dump pattern and I did it on NASDAQ:SMCI here’s the analysis again so you can see how stage 7 is developing. Do you think it will follow the pattern?
NASDAQ:SMCI
by Mariofxtr
SMCI Short-term buy opportunity within its corrective Channel. Super Micro Computer Inc. (SMCI) has been trading within a Channel Down pattern since the March 08 2024 High. Even though the trend on a multi-year basis is bullish, short-term investors should have this pattern in mind. Even on the shorter term though, the stock has managed to price a new Lower Low (August 08) at the bottom of the Channel Down and started its new Bullish Leg. Today's low opening has served as the first technical Higher Low on the Bullish Leg, potentially similar to the May 01 2024 Higher Low of that Channel Up. The 1D MACD has already completed a Bullish Cross, as on May 06 and naturally the next Target is a Higher High above the 1D MA50 (blue trend-line) again. We are aiming for $750.00 short-term. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:SMCILong
by TradingShot
8
Super Micro Computer (SMCI): Awaiting the Final Leg DownWe are considering a bullish scenario for SMCI, but it's not time to act just yet. We continue to believe that we are still in Wave (2) and that one more leg down is needed before we can see a surge higher, potentially breaching the all-time high at $1,229. Although the stock has already retraced more than 60% since reaching this ATH, we think there's still room for a bit more downside. We believe we are in Wave C of the ABC corrective movement, and typically, this Wave C contains a five-wave structure (in this case, moving downward). This five-wave structure hasn't fully played out yet, as you can clearly see. Even though a lot of longs have been opened at $512, which is the 61.8% Fibonacci retracement level, we believe this is just Wave ((iii)). We're not looking to short this stock but are instead waiting to see if our analysis holds true so we can go long once we have more clarity on the ending of Wave ((iv)). This will help us better determine the end of the overarching Wave (2).
NASDAQ:SMCILong
by freeguy_by_wmc
SMCI rebounding on its 2-year Support Zone. $2000 next stop.Super Micro Computer Inc. (SMCI) is on its strongest 1W green candle since May 22 2023, recovering the 1W MA50 (blue trend-line), which was broken last week amidst the general market panic on a potential economic slowdown. This rebound happens to take place just inside the 2-year Higher Lows Zone that started back in July 2022. The ultimate Support, the 1W MA100 (green trend-line) is exactly on that Zone's bottom and as long as it holds, we will stay bullish on SMCI long-term. Even the 1W RSI marginally broke below its 2-year Support Zone, but immediately recovered it. As a result, we expect the new Bullish Leg (green Channel Up) to start. Every single one of the previous Legs of this 2-year pattern has been higher than the previous, so since the last rally completed a +344.40% rise, we expect at least a repeat of this. Our long-term Target is $2000. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:SMCILong
by TradingShot
SMCI.....Price target achieved!Hello Traders, on February 24th I wrote this analyzes for SMCI→ www.tradingview.com The price target I called out, more than 5 months ago, was achieved and undercut the last days! Yesterday's closing price was @ $ 492.70, the pre-market today suggest price levels @ $480.-! If the move from $1229.- indeed has been a waves w-x-y, the price target for a wave c of y of (4) is much steeper than today's levels. Contrary to the w-x-y count, there could be a chance for waves a-b-c. In this case, the final price target for a wave c of (4) is short @ hand!? Keep in mind. A wave w-x-y is always an "a-b- (1-2-3-4-5) →c"! We will follow the stock and track it in the coming days ahead! Probably a great chance is waiting for the bulls. Have a great week..... Ruebennase Please ask or comment as needed. Trading based on this analysis is at your own risk.
NASDAQ:SMCI
by ruebennase
Penny Stocks and the “Pump and Dump” Pattern Penny Stocks and the “Pump and Dump” Pattern 📚 Penny stocks are shares that trade at a very low price, generally below $5 per share. 📖 These stocks belong to companies with a small market capitalization, meaning the total value of all their shares in the market is relatively small. 📊 The “Pump and Dump” is a common pattern in the penny stock market where stock prices rise rapidly and then fall. This pattern develops in 7 steps: 1-Pre-Pump or Promotion: The stock begins to be heavily promoted. 2-Ramp: The stock price starts to rise. 3-Supernova: The price reaches its peak. 4-Cliff Dive: After the peak, promoters and early investors begin to sell their shares. 5-Dip: The stock falls significantly. 6-The Dead Pump Bounce: After the initial drop, there may be a small bounce in the price. 7-The Long Kiss Goodnight: Finally, the stock stabilizes at a low level.
NASDAQ:SMCI
by Mariofxtr
Super Micro Computer ($SMCI) Plummet 20% on Weak Earnings ReportSuper Micro Computer (NASDAQ: NASDAQ:SMCI ), once a darling of the AI investment world, is experiencing a dramatic downturn. The company's stock plummeted after a disappointing earnings report revealed a significant margin squeeze, casting a shadow over its previously rosy outlook. The AI gold rush had propelled Super Micro Computer (NASDAQ: NASDAQ:SMCI ) to new heights, with its shares more than doubling in 2024. Investors were betting big on the company's ability to capitalize on the soaring demand for AI servers. However, the recent decline has raised serious questions about the company's long-term prospects. A Perfect Storm SMCI's troubles stem from a confluence of factors. Firstly, the rapid shift to more expensive AI chips has eroded profit margins. The company's attempt to lower prices to compete with rivals like Dell and HP has exacerbated the issue. Secondly, supply chain challenges and component shortages have added to the cost pressures. While the company maintains an optimistic long-term outlook, the immediate future appears bleak. Analysts warn that the stock's lofty valuation, relative to peers like Dell, makes it particularly vulnerable to market volatility. Technical Analysis: A Bearish Outlook SMCI's stock price has broken down from a descending triangle pattern, a bearish technical indicator. The stock is now trading below its crucial 200-day moving average, signaling a potential long-term trend reversal. Investors will be closely watching key support levels at: $496: Potential buying interest could emerge around this level, which would fill a gap from January’s impulsive move higher. $357: Another support level where the stock may find a horizontal line connecting past swing highs. $260: A significant correction could lead to support around this trendline, linking June 2023 highs with levels from August to December 2023. What's Next for Super Micro? The AI market remains undeniably promising, and SMCI's position as a key player in the industry cannot be ignored. However, the company must address its margin issues and navigate the challenges of the evolving AI landscape to regain investor confidence. As the dust settles from the earnings report, investors will be scrutinizing SMCI's actions to mitigate the margin squeeze and its ability to maintain its competitive edge. The road ahead is fraught with challenges, but the company's long-term success hinges on its ability to adapt and overcome these hurdles. Will Super Micro be able to rebound from this setback, or is this just the beginning of a more prolonged decline?
NASDAQ:SMCIShort
by DEXWireNews