Is $SMCI topping out already?NASDAQ:SMCI Printing a topping tail and generally, a sign to unload and protect the gains. I would be very careful here as a long and would start to unload.Shortby GoatOfWallStreetUpdated 443
SuperMicroComputer.....Bulls go crazy! Hello Traders, SuperMicroComputer, the bull stock, has been making new ATH`s in a row since the impulsive move at $276.- started on January 03! The first time I analyzed this stock was on December 17 and I saw a possible massive breakout to new highs ahead! That is exactly what has happened since then! Yesterday the stock closed at $663.35. The pre-market is now looking at a price level of 678.76! Traders who followed this idea had a great trade. (The grey arrows marks the entry-level and day of analysis)! I took ⅔ of my position off the table this morning and made one of my best trades ever! (That much self-praise is necessary)! But what can we expect from this stock in the coming days? Well, nothing goes forever, and in my opinion the rise is not over yet. But the air is getting thinner and thinner after rising to these levels. Buying a stock at ATH levels is a psychological problem and requires a lot of courage to do so! But remember! Doing so, more often than not, offers excellent chances for rising price! The general question is: "Where to set the stop-loss level to protect your money? One option is to watch the chart and wait until a "three-down" is clear on a daily basis. Then jump in and set a close SL level below the recent low! I will check the chart constantly and give you some news for a possible trading opportunitie! The count is valid! Have a great week ..... Ruebennase Please ask or comment as needed. Trading based on this analysis is at your own risk.by ruebennase443
Super Micro Computer Just Hit a New All-Time High Super Micro Computer (NASDAQ: NASDAQ:SMCI ) has been making waves in the stock market, hitting a new all-time high fueled by a remarkable 2023 and a phenomenal earnings report to kick off 2024. As the stock continues its ascent, investors are left wondering if there's still time to climb aboard or if they've missed the boat. Let's delve into the factors driving Supermicro's success, particularly its role in the booming artificial intelligence (AI) market, and explore the potential for further growth. The AI Boost: One of the key drivers behind Supermicro's ( NASDAQ:SMCI ) recent surge is its pivotal role in the AI revolution, with a spotlight on its collaboration with Nvidia, the leading graphics processing unit (GPU) supplier worldwide. Nvidia's GPUs are crucial for the intensive calculations required in processing vast datasets and building AI models. Supermicro ( NASDAQ:SMCI ) steps in with its highly customizable line of servers tailored to various needs, from engineering simulations to drug discovery and AI deep learning. The Numbers Speak: Supermicro's ( NASDAQ:SMCI ) second-quarter fiscal year 2024 results were nothing short of impressive, boasting sales of $3.66 billion, a staggering 103% increase from the previous year. The company not only surpassed its own guidance but also laid out robust projections for the upcoming quarter and the entire fiscal year. With Q3 revenue expected to reach approximately $3.9 billion, reflecting a remarkable 205% growth, and an earnings per share (EPS) estimate of $5.22, the outlook appears promising for Super Micro Computer. Conclusion: Super Micro Computer's ( NASDAQ:SMCI ) journey to new all-time highs has been undeniably fueled by the AI boom, robust financial performance, and optimistic projections for the future. The article wraps up by summarizing the company's strengths, potential challenges, and the considerations investors should weigh when deciding whether to join the ride or exercise caution in the face of industry forecasts. Supermicro's ( NASDAQ:SMCI ) success story, as outlined in this article, paints a picture of a company on the cutting edge of technological innovation, but the road ahead may not be without its twists and turns.Longby DEXWireNews4
SMCI is pumped up to the stars on 100% pure speculation.SMCI - Super Micro Computer, Inc. has been on an absolutely incredible run for quite some time. However, the sheer amount of FOMO that has rushed into this stock has literally driven it to the moon on nothing but pure speculation. But that momentum is about to come to an abrupt end! Here soon, you're going to see the buying flip to selling as the shorts start to enter into massive short positions. As the price falls, stop after stop will be taken out in rapid succession, causing longs to panic and add to the selling... First, it will drip, then it will start to gush, then a spark will ignite, and within hours the whole shithouse will go up in flames! When this collapses, millionaires will be made in a matter of hours, and many longs will become bag-holders squared! Watch... Shortby MetaShackleUpdated 446
SMCI heads up at $575: next major resistance on way to 709Quick post to observe SMCI. All time highs but fibs to watch. "Super" Micro Computer indeed. Here are other targets/resistances above; =====================================================================================by EuroMotif335
More in Depth on SMCIBig earnings report causing large gap up, price testing an ascending wedge and creating a set up for a failed breakout of the wedge. Two inside bars, with first bear bar being a fairly strong close against the gap within the hour. It will be hard to fight in this market environment (pig market/relentless buying behavior around fed rates... seems to be the theme as of the past few months). This is an extended analysis of my last SMCI Daily chart post. Based on the behavior of S&P from end of last year to now, closing gaps of this size does not fare well for the other side. However, I'll stick with my premise, and we'll see how it plays out into tomorrow. I do see some selling of the top which let's me know I'm not alone on it. There will have to be some aggressive selling to make the bear position more realistic. Shortby Firex8662
Super Micro Computer Inc. : Riding the AI Wave to Record Highs Super Micro Computer Inc. ( NASDAQ:SMCI ) has emerged as a standout player, experiencing a remarkable surge in its stock value. The recent rally, fueled by robust sales projections and a strong presence in the Artificial Intelligence (AI) sector, has positioned NASDAQ:SMCI as a key player in the technology market. Let's delve into the factors driving Super Micro's unprecedented growth and explore the implications for investors. AI Momentum Propels Super Micro to New Heights: Super Micro's meteoric rise can be attributed to its strategic positioning in the AI market. The company's servers, catering to the demands of AI applications, have seen an upswing in sales, particularly due to the growing reliance on AI in various industries. The recent quarterly report revealing net sales projections between $3.7 billion and $4.1 billion for the March quarter has surpassed analysts' estimates, further validating SMCI's strong foothold in the AI sector. *Exceptional Financial Performance: The fiscal second quarter results have been nothing short of impressive for Super Micro. Earnings of $5.59 per share on sales of $3.66 billion have exceeded market expectations. The 71% year-over-year surge in earnings and a staggering 103% increase in sales underscore the company's robust financial performance. The preannouncement of these stellar results on January 18 triggered a 35.9% surge in SMCI stock, setting the stage for its record-breaking run. Proactive Leadership and Strategic Vision: CEO Charles Liang's foresight in recognizing the potential of generative AI has played a pivotal role in Super Micro's success story. Liang's statement in May 2023, highlighting how the "AI momentum has benefited Super Micro greatly," appears to have been prescient, considering the threefold increase in the company's stock since that time. The company's ability to stay ahead of industry trends and capitalize on the burgeoning AI market reflects effective leadership and a strategic vision for the future. Market Reaction and Analyst Sentiment: The market's response to Super Micro's performance has been overwhelmingly positive. The stock's 35% surge on January 19 reignited Wall Street's interest in AI-related companies, contributing to a broader rally. Analysts' consensus estimates have consistently been surpassed, with SMCI's guidance for the current quarter indicating adjusted earnings of $5.61 per share on sales of $3.9 billion. Technical Outlook and Investor Considerations: From a technical standpoint, NASDAQ:SMCI appears to be in a rising trend channel, indicative of investor confidence and positive sentiment. Conclusion: Super Micro Computer Inc.'s ( NASDAQ:SMCI ) remarkable ascent to record highs is a testament to its strategic focus on AI technologies and the successful execution of its business model. The company's ability to consistently surpass market expectations, coupled with its strong financial performance, positions it as a significant player in the technology sector. As investors navigate the dynamic landscape of AI-related stocks, Super Micro's trajectory offers a compelling case study in capitalizing on the evolving demands of the tech industry. NASDAQ:SMCI 's current momentum suggests that it may continue to be a noteworthy player in the AI-driven future of technology.Longby DEXWireNews1
SMCI Turn DownBacked by some of the largest hedgefunds. They made huge returns most likely, I know Blackrock did since Jan '23. Top R2000 component. Debt to Equity low, which kept the buying going. However, Price to Book ratio has been climbing and climbing. In other words, it's fundamentally overbought. They made a ton of money, and will be looking to take their profits. It's not a dividend play, because there are no dividends. At the very least, it was a P/E play, and that means they were in it for the movement and to stir up a rally, which they got. The increases since August '23 have been relatively modest since the big climb up before then. I think we can expect to start seeing a bit more feeling out in the 650-700 area before we start to get more selling and volatility, and we will get big legs back and forth. Shortby Firex814146
A trade review $IBMThis video walks through my thinking on how I take a trade following the price auction after an opening range bar which is wide range and high volume following news catalyst. The examples used are IBM and SMCI from recent earnings news09:35by pnani4562
SuperMicroComputer....."Ha,ha".....said the clown!Hello Traders, On the 17th of December I published an analysis for SuperMicroComputer, (Ticker: SMCI)! This stock is a "public stock" as many traders are investing in this leader in AI technology and you can read the analysis in all the press and websites! I wrote the following: " Anyway! The green trendline is the next to be crossed clearly, with the price above it. If so, the next short-term target is @ $305.- and above @ $317.50! Here the triangle is completed and a massive breakout on high volume to $472.- to $596.- is next! Indeed, on the day I bought the stock it rises to 322.19, but the very next day it starts to fall, dropping to $275.88 and two days later to $276.27! A double bottom! This drop was not expected by myself! As a result of this pattern and from an EW perspective, a possible wave 4 was completed and the stock was ready to move higher. It formed an impulsive pattern, a wave 1 to $357.97 and a corrective wave 2 to $305.75. This wave reversed almost exactly at the 0.618 Fibonacci, the most common target for a wave 2 of any degree! As a result, the stock exploded to a new ATH of $428.69 in Friday's session (19 January) after a better-than-expected revenue estimate (~70% upside potential). !!!! "Boom".... said the clown! (Keep in mind that SMCI will be reporting it's latest financial results on the 29th of January!) I have drawn the Fibo tool on the pattern, and you will see that the 1.618 Fib. Extension is at $466.04, just close to my predicted target as predicted on the 17th December! "Ha, ha" ... Said the clown! Traders who followed this trade idea should sell ½ of the position and set the SL at the entry level! Traders who want to take money off the table .... Congratulations on this trade !!!! I think the story and the advance isn't down for now, but gimme feedback from those traders who followed this idea! I will update the count if necessary! Have a great week..... Ruebennase Please ask or comment as needed. Trading based on this analysis is at your own risk.by ruebennase4
SMCI Making BIG Moves! SMCI: Super Micro Computer, INC This stock trends beautifully. Clean trending patterns perfect for taking demand zones and using your TrendCloud device for buying opportunities! I am definitely adding this stock to my portfolio. Place the TrendCloud System on the 1 hour chart and start accumulating at the crossovers. If you want more info on TrendCloud and how it can help you accumulate stocks at the best time then click the link in my profile :)Long09:52by thechrisjuliano332
SMCI - Multibagger stock-> Growth Sector -> Mid Cap, potential to become a Large cap stocks -> Fundamentally good stock with good revenues and profits -> Leader: During November 2021 when tech stocks started correcting/consolidating, SMCI was making all time high (ATH) -> Technical chart Patterns -> Last 2 weeks Big investors were accumulating these stocks and allowing to fall bellow previous lowsLongby ankilmehta223
SMCI headed to ATH. What a run on SMCI, these are my targets. We're almost in the first one. Next stop ATH. I'm holding with the biggest holding muscle.by Liathetrader113
$SMCI Soaring: Riding the Waves of AI Growth and Macroeconomic Super Micro Computer ( NASDAQ:SMCI ) has captured the spotlight with a remarkable 9.6% gain in its stock price during Tuesday's trading session. The confluence of factors driving this ascent includes favorable macroeconomic analyses, bullish sentiments from analysts in the memory-chip industry, and the ripple effect from Nvidia's recent announcements at the 2024 Consumer Electronics Show (CES). As the market absorbs these positive developments, NASDAQ:SMCI 's stock has soared approximately 279% over the past year, underscoring its status as a red-hot AI growth stock. Macroeconomic Tailwinds: One key driver behind Super Micro Computer's recent stock surge is the optimistic outlook stemming from macroeconomic analyses. Reports suggest that Wall Street analysts anticipate substantial rate cuts by the Federal Reserve in the coming years. This shift in policy is seen as a tailwind for growth-dependent tech stocks, including those in the artificial intelligence (AI) sector. As the macroeconomic backdrop becomes more favorable, Super Micro Computer stands to benefit from increased investor confidence and a positive environment for tech stocks. Bullish Trends in Memory-Chip Industry: Citigroup's bullish report on memory-chip stocks adds another layer of optimism to Super Micro Computer's outlook. The report highlights surging demand for AI services as a core catalyst for top memory-chip players. While Super Micro Computer primarily focuses on server solutions, the heightened demand for memory chips driven by AI applications is expected to contribute to the company's growth. The convergence of favorable macroeconomic conditions and increased AI-driven demand positions NASDAQ:SMCI at the forefront of a thriving industry. Nvidia's Impact: Nvidia, a leading player in high-performance graphics processing units (GPUs), has indirectly contributed to Super Micro Computer's upward trajectory. Although Nvidia's CES announcements may not directly impact SMCI's business, they underscore positive trends within the tech sector. As a company closely associated with server solutions, Super Micro Computer benefits from the general positive sentiment surrounding advancements in high-performance computing showcased by Nvidia. This indirect boost adds to the overall bullish narrative surrounding $SMCI. Technical Analysis: Super Micro Computer's technical analysis reveals a rising trend channel in the medium to long term. This indicates not only positive development but also a growing interest among investors. Breaking through resistance at dollar 310 suggests a potential for further upward movement. Volume analysis aligns well with price trends, indicating a strong and sustained momentum. The Conclusion: Super Micro Computer's recent stock surge is not merely a product of isolated events but a culmination of multiple favorable factors. From macroeconomic tailwinds to bullish industry trends and indirect support from Nvidia, NASDAQ:SMCI finds itself at the nexus of a flourishing tech landscape. As the company continues its ascent, investors are keenly watching, and the positive trajectory suggests that Super Micro Computer is poised for sustained growth in the dynamic world of AI and high-performance computing.Longby DEXWireNews4
$SMCI broke trendline and closed above the 9 EMAHi Traders! NASDAQ:SMCI has recently demonstrated a positive shift, breaking its downward trendline and concluding last week above the 9 EMA. This bullish trend, if sustained with good volume and the stock maintaining above the $301 level, could potentially propel it towards the $310 region. This movement signifies a notable shift in momentum, meriting close observation for those tracking NASDAQ:SMCI 's trajectory.by RockyFresh340111
SMCI Massive Bull Flag PotentialSMCI is creating and pushing resistance of a massive bull flag. After months of consolidation, this chart is looking to breakout end of year. Target $350Longby SWRLSUpdated 1
Tight Range in Super MicroSuper Micro Computer enjoyed a major surge in mid-2023 thanks to the AI boom. Now after a period of consolidation, some trend followers may expect further upside. The first pattern on today’s chart is the series of lower lows between August and late October, followed by higher lows in November and December. That high basing formation may suggest buyers are active near the current range. Second is the falling trendline along the peaks of October and November. SMCI ended last week near that potential resistance. Will traders be watching for a breakout? Third, the 50- and 100-day simple moving average (SMAs) have flattened after a sharp rise. That suggests the intermediate-term trend has gotten neutral. However, the stock is above the SMAs. Remaining here could drag them higher and create more of an uptrend. (Especially with the broader market advancing.) Finally, Bollinger Bandwidth in the lower study shows a volatility squeeze as moves compress. That may also open the door to price expansion. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation7
SMCI - Breaking out of Right Shoulder HighSMCI is breaking out Right Shoulder high. This is a very bullish development and the target would be height from the neckline to the head on breakout from the right shoulder. SMCI is a semiconductor play and overall momentum in this sector is very high right now. I will go with the break today. Longby Kemsdale2
SuperMicroComputer.....Massive rally ahead?Hello traders, Today I want to show you SuperMicroComputer, the AI company. Since the stock bottomed out at $8.50 in October 2019, it has seen an impressive rally to $357.- in early August. After that, it fell to $226 on October 31 as a result of disappointing earnings. It has since moved sideways, crossing a couple of trendlines and showing a high-volume breakout above one of them. Remember! Volume is one of the most important "indicators" for an ongoing breakout, whether bearish or bullish! Overall, the consolidation after the high @ $357.- looks like a "triangle", but not everything looks like one! Anyway! The green trend line is the next to be overcome with clear, the price above. If so, the next short-term target is @ $305.- and above @ $317.50! Here the triangle is completed and a massive breakout with high volume to $472.- to $596.- is next! Why $472? The widest open between the blue trend lines measures a distance of $144! So, measured from the break of the upper blue trend line, the target is $472. In the bullish case, there is much more potential for the coming month, and if so, the stock can be "THE" outperformer in 2024! But; where to save the trading capital! I think a good level will be @ $350.- area, the start of the current rally on December 08! Have a great week ..... Please ask or comment as needed. Trading based on this analysis is at your own risk.by ruebennase112
Long entry SMCIweekly candle just turned green signaling more bullish momentum ahead of us, it may be about time for long entry. to the left i have a four hour timeframe backed by consecutive four hour candles price action finding support around the low 260s and recovering towards end of week. by nickso8332
Super Micro Computer (SMCI: NASDAQ)Super Micro Computer (SMCI), a developer and manufacturer of high-performance server and storage solutions, is experiencing substantial growth and profit acceleration. The company's energy-efficient servers are benefiting from the AI boom, with exceptional demand outpacing expectations. To address this, SMCI is planning a 25% increase in production capacity. The bullish outlook on SMCI sets an entry target above $248.00-$250.00 and an upside target at $410.00-$420.00.Longby Richtv_official7
Super Micro Computer, Inc.: For GrowthFundamentals : The fundamentals mostly match what I am looking for. It is not perfect, though. Technicals : It looks like the price is breaking out. Ichimoku BreakoutLongby Rocketman550
Super Micro ComputerFundamentals : Positioned to grow further.... Technicals : uHd Triangular consolidationLongby Rocketman2