Intermezzo - the show will continue - however tomorrow is Fridayand Fridays is when the market makers pay, generally they don't pay too far from the mean and this puppy went up 100% in no time....
I think we get back to $31.oo and change before the next move, and this $31 likely by the end of Friday.
Again you do your own calculations. never ever rely of others to tell you where things are.
Remember opinions are like dog tails we all have one, everyone chases them and they all schtinkkkzzzz
MS51 trade ideas
Analyzing SMCI's Potential RecoveryCapitulation and Recovery:
Capitulation: A period of intense selling pressure that often marks the bottom of a downtrend.
Post-Capitulation Recovery: After a capitulation event, the stock may experience a relief rally as short-sellers cover their positions and long-term investors start accumulating.
Factors Affecting SMCI's Recovery:
Fundamental Factors:
Earnings Reports: Strong earnings reports can boost investor confidence and drive the stock price higher.
Revenue Growth: Continued revenue growth, especially in the AI and data center segments, is crucial.
Technological Innovations: SMCI's ability to innovate and introduce new products can influence investor sentiment.
Market Sentiment: Overall market conditions, especially the tech sector, can impact SMCI's performance.
Cautions and Considerations:
Market Volatility: The stock market is inherently volatile, and SMCI is no exception. Price fluctuations can be significant, especially in the short term.
Risk Management: Always use stop-loss orders to limit potential losses.
SMCI, the worst is likely behind usSMCI has crashed from this years highs, a good 80%.
To me it sounds like the worst has happened. And while we may see some positivity this EOY that can help us reach new ATHs, we must remain aware of the risk the broad economy poses.
Target is 130+ short term, with one more 50%+ drop coming right after.
I would make sure I have the funds ready to scoop up shares if such a scenario happens. As the second dip doesn't look as bad as the first one.
After that SMCI will resume its lifetime bullish climb, and keep on going for as long as the bull market lasts.
SMCI to $60? When?!?In this video, I use the Magic Linear Regression Channel , Multi VWAP , and Magic Order Blocks indicators to build a case for a $60 SMCI target. In short, it might be a few months away. Using a linear regression channel starting on May 8th, 2024, and ending October 29th, 2024, we can see that the channel is respected at multiple levels.
In today's trading, we see a rejection from the Inner Fibonacci Level - Upper in the Magic Linear Regression Channel tool. I was expecting this a few days ago based on the projected channel.
With the Multi VWAP indicator we see that the price is currently above the 5-Day anchored VWAP (AVWAP). It can potentially continue to hold that and go through some consolidation before heading back to the top of the channel. At which point, it could reject or consolidate more.
I suspect that with the accounting issues behind them, SMCI price will continue to recover. However, above the upper channel lies the year-to-date anchored VWAP, which should be at around $60 by the time SMCI can get there. This will be a level of interest.
On the daily chart, we see that the 5D AVWAP gets respected with a bottom wick on the 15min chart that tags it almost perfectly at around $39. We also see an order block acting at support at that same level using the Magic Order Blocks indicator. That gives us further evidence that we could potentially have the 5D AVWAP holding price up as support during a period of consolidation.
Should SMCI continue its bullish momentum, there are two potential areas of consolidation - if not outright rejections - at the Inner Fibonacci Upper level and at the upper linear regression band. If it makes it through, the next target will be the YTD AVWAP.
SMCI Ankle BrakerSMCI made incredible bearish move due to all recent news in regards company financial. Company will be reporting soon.
I am short term bullish for a gap closure which will be made before reports in order to pump prices before "Breaking Ankles" to the downside.
I am watching for a possible move up to the $46.85 to quickly sell of down to the previous FVP. Once it hits level and depending on reports company might once again slowly run up like Walgreens did.
SMCI This is why investors should always keep a clear mindset.It was only a month ago (November 07, see chart below) when we gave a very strong long-term buy signal on Super Micro Computer Inc (SMCI), in the midst of a price collapse following the resignation of their auditor (Ernst & Young) and compliance delays with stock index requirements:
Putting the fundamentals aside, we made this bold call by purely looking at the technicals, which in turbulent times like these (market fear on news) tend to deliver a clearer and more objective picture.
The price had just hit the 1W MA200 (orange trend-line), for the first time in 4 years (since October 26 2020), while reaching Fibonacci level 1.0, which was the former top of the Channel Up for 4 years until it broke and the stock turned parabolic from January 2023 to March 2024. At the same time, the 1W RSI touched the oversold barrier (30.00) for the first time since March 16 2020 and second since October 01 2018, which was the start of the Fibonacci Channel.
As a result, that gave us a very strong buy signal combo, which as you saw was immediately translated into a price rebound. Less than a month after, the stock is about to close the gap of the October 28 2024 1W candle, which was the week of the Ernst & Young collapse. This amount of buying pressure indicates that there were a lot of long-term buyers waiting on the buy zone we identified and assuming SMCI continues to restore faith in their reported accounting practices, are looking for a new multi-year rally.
Our $122.50 Target remains intact for Q3 2025, which is basically the stock's All Time High (ATH). Technically there is room for a 2025 extension within the 3.5 - 4.0 Fibonacci Zone.
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Super Micro Computer (SMCI) Shares Surge Nearly 30%Super Micro Computer (SMCI) Shares Surge Nearly 30%
Yesterday, the S&P 500 (tracked as US SPX 500 mini on FXOpen) hit another record high for the year, with Super Micro Computer (SMCI) leading the charge. SMCI shares soared by 28.50% during the session.
SMCI has been highly volatile this year. In the first 2.5 months, its stock price skyrocketed over 300%, breaking the psychological $100-per-share mark, fueled by the AI boom.
However, this rally was followed by a period of consolidation and then a sharp downtrend, partly driven by accounting concerns. According to Investing, the company failed to file its 10-K form for the fiscal year 2024 due to accounting issues, leading Nasdaq to threaten delisting. Meanwhile, Ernst & Young (EY), the company’s auditor, announced it was unwilling to associate itself with the financial statements prepared by Super Micro Computer’s management.
As a result, SMCI shares dropped below $20 earlier this month. Fortunately for shareholders, it was revealed yesterday that:
→ No errors were found in Super Micro Computer's financial reports.
→ The company will not need to amend its previously filed reports.
→ The CFO will be replaced.
These developments sparked bullish momentum, propelling the stock from Friday’s closing price of $32.50 to yesterday’s close of $41.91.
Technical Analysis of SMCI Shares
Since 2022, the stock's wide price swings have formed an ascending channel (marked in blue). Key observations include:
→ The consolidation from late August to late November suggests the median of this channel is an equilibrium zone for supply and demand.
→ A mid-November bounce off the channel’s lower boundary (indicated by an arrow).
Will SMCI Continue Its Rally?
This week’s strong momentum may sustain further gains, potentially enabling bulls to break above the resistance line (uppermost of the three red lines) and push towards the median of the blue channel before the holiday season begins.
According to TipRanks:
→ Only 2 of 9 analysts recommend buying SMCI shares.
→ The average 12-month price target for SMCI is $38. However, these forecasts may be revised upwards in light of the latest positive news.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Huge Opportunity: Bullish Perspective on SMCI Super Micro Computer, Inc. (SMCI) recently saw significant interest as Rakuten Securities purchased 61,071 shares. After a substantial decline, SMCI is now trading near a key support level around $22, showing potential for a recovery.
If the stock rebounds to $62, this could represent a +173% return.
Pullback long, target 42Following in different time frames.
Daily, I got a long signal from my power indicator.
For weekly, I got a bottom signal. If I combine these 2 signals, I can see that it might be a pull-back signal in a monthly timeframe.
Then I put fibo levels and that shows me 42.18
My target is 42.
I'd stop under 20.
I hope it'll not open with a huge gap. If it occurs, I'd need to wait for lows.
$ SMCI Target $ 65.0 Technical and Fundamental AnalysisAfter-hours price : Current: $ 29.50
Technical Analysis
• Key Levels: Crossing and holding above $28 on a weekly close could act as a launchpad for targets of $35 and $42. The bullish trajectory depends on maintaining this support level.
Future Price Targets
• If BDO, SMCI's new auditor, resolves accounting issues without regulatory challenges, the company could aim for a long-term price target of $65. This would rely on continued growth in AI-driven hardware markets and restored investor confidence
Fundamental Analysis
• Revenue and Earnings Growth: SMCI's revenue grew significantly in recent quarters, driven by demand in AI and data center markets. Forward EPS growth projections for the next two years are 41.3%
• Valuation Metrics: SMCI's forward P/E ratio of 5.43 and a PEG ratio of 0.15 highlight a strong value-growth balance
• Margins: Over the last ten quarters, SMCI has shown gross margins averaging around 15.97%, with operating margins of 9.72% and net profit margins of 8.88%. These metrics indicate stable profitability but room for improvement in operational efficiency
.
Summary
SMCI's technical breakout above $28 could unlock medium-term targets of $35 and $42, with the potential for $65 long-term if its operational and accounting challenges are addressed. Monitoring its new auditor’s progress and market developments in AI hardware will be crucial.
*Disclaimer: This article is for informational purposes only and does not constitute financial advice.*
just the beginingAfter a significant decline, watching how people with little ethics try to attack a company, we can now see the appreciation of a stock that hadn't risen at all during the AI frenzy. Now, as it resolves its issues, we can observe growth in sales and profitability, revealing a bright outlook.
We are at the beginning of a bull flag pattern that points to an 80% upside
Long to $65SMCI has been extremely volatile lately, which is great for options sellers. Recent news suggests no financial improprieties occurred and the company is searching for a new Chief Financial Officer. Also, the stock recently completed a 10/1 split. Nevertheless, here are the weekly technicals:
Bullish RSI (recently recovered from being oversold)
Bullish BAT harmonic pattern with a $64 target
Latest Heikin Ashi candles have no bottom tails, indicating a strong upside trend
Happy Trading!
SMCI: Watch for Breakout Opportunities Next WeekRecent Performance: SMCI has recently experienced fluctuations largely driven
by broader market trends and news regarding its auditing issues. Currently
priced at $32.64, the stock's movements have been tied to investor sentiment
in light of corporate developments with Netflix and scrutiny over its
audits.
- Key Insights: Investors should closely monitor SMCI’s performance in the
coming week, with a crucial focus on resistance levels that could signal
upward movement. If the auditing concerns are resolved favorably, this could
spark a breakout leading to significant gains. Conversely, maintaining above
the identified support levels will be vital for sustaining confidence among
investors.
- Expert Analysis: Experts have expressed a cautious outlook for SMCI,
highlighting the potential for instability due to ongoing auditor
challenges. However, if the issues are addressed successfully, the stock
might reach new highs, creating a favorable scenario for growth. The
sentiment suggests a high interest in how SMCI responds to its current
hurdles.
- Sentiment Analysis:
Current sentiment: 45.0
Last week: -11.67
Change: 56.67
Total mentions: 4
- Price Targets: Based on professional traders' wisdom:
Next week targets: T1 = $34, T2 = $36
Stop levels: S1 = $31, S2 = $30
- News Impact: The ongoing auditor issues remain a pressing concern for SMCI,
potentially impacting investor sentiment and stock performance
substantially. Additionally, association with Netflix amplifies the
influences of broader market narratives, indicating that external factors
will also affect SMCI’s trajectory in the near term.
extremely easy buy on super micro computerin the old idea we gained 99% from the bottom, in another old idea called head n shoulders on smci short, we gained a 100%+ profits , now its time to go long harder, here is my chart, watch my old ideas, usually i don't write here, just look the chart, open the broker, and go long, another big ass opportunity is asml, check my profile.
SMCI NICE SETUP This Weekly FORECAST
Opportunity for SMCI. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR).
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
SMCI Long Setup (4H Timeframe)
🚀 SMCI Long Setup (4H Timeframe) 🚀
🔍 Trading Plan
This setup aligns with Elliott Wave theory, showing potential for Wave 5 development supported by the demand zone and Fibonacci retracement/extension levels.
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📉 Trade Details
- Entry: ~$34.93
- Price is near a demand zone, aligning with the 0.5 Fibonacci retracement level of Wave (4). This suggests potential upward momentum as Wave 5 begins to form.
- Stop-Loss : $30.24
- Placed below the demand zone and 0.618 Fibonacci retracement of Wave (4) to protect against invalidation of the setup.
- Take Profit Targets:
1. Target 1: **$42.37**
- Corresponds to the 0.618 Fibonacci extension of the projected Wave 5.
2. Target 2 : $47.53
- Matches the 1.0 Fibonacci extension of Wave 5, indicating full potential completion of this wave.
3. Target 3 : $55.90
- A higher price level within a supply zone, representing an extended Wave 5 target.
📊 Wave 5 Development
The price action suggests that Wave 5 has strong potential for development. Elliott Wave theory predicts that Wave 5 is the final impulse wave in the trend, which could align with broader bullish momentum and demand zone confluence. Wave 5 is projected to reach key Fibonacci extension levels, marking potential profit zones.
📊 Risk-Reward Ratio (RRR)
T1: ~1:1.3
T2: ~1:2.3
T3: ~1:3.6
Trade smart and may the market favor your strategy! 🚀
**⚠️ Disclaimer**
This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and you should only trade with funds you can afford to lose. Always conduct your own analysis and consult a financial advisor.
#Wave5 #DemandZone #ElliottWaveTheory #TradingPlan
$SMCI surged by 78% ! A comeback or final rally?
Technically, NASDAQ:SMCI is overall moving in a bearish market, and it just be rejected by the resistance level of downtrend line and the high price of previous gap down candle with high volume.
In this case, the price may continue to go bearish if it could not break above the resistance level.
From the aspect of fundamental analysis, there is also a high possibility for NASDAQ:SMCI to go bearish due to the two reasons below.
Evident 1:
SMCI’s drop was driven by financial fraud, with its auditor, Ernst & Young, resigning. Additionally, NVIDIA is shifting its orders away from SMCI. And the price had a short-term callback since the company only recently found a new auditor, BDO, and submitted a compliance plan to Nasdaq.
It’s worth mentioning that NASDAQ:SMCI has experienced a similar situation before. Back in 2019, SMCI faced multiple delisting warnings from Nasdaq for failing to submit its 10-K report and other financial documents on time. Ultimately, SMCI was delisted for not meeting reporting requirements and moved to the over-the-counter market to continue trading. After improving its internal controls and financial reporting, SMCI was able to rejoin the exchange in 2020.
Evident 2: NASDAQ:SMCI doesn’t have any monopolistic products and its offerings are highly replaceable. Several auditing firms have been gradually lowering their ratings and pricing since August, and SMCI has long been heavily dependent on NVIDIA's GPU chips. This dependence is evident, as about 70% of SMCI’s production costs rely on NVIDIA components. Now that NVIDIA is shifting its orders to other suppliers, even if SMCI has found a new auditor and successfully submits a strong Q3 report, its future will largely depend on whether NVIDIA decides to return its orders.
Therefore, the recent surge over the past few days could be due to NASDAQ:SMCI creating a breathing space for itself, namely by submitting a compliance plan to Nasdaq. Regardless of whether it can meet the requirements, submitting the plan serves as a temporary measure to buy time. This move has sparked market enthusiasm, but that enthusiasm is likely to fade. If NVIDIA does not shift its orders back and if SMCI ultimately fails to submit compliant financial reports as outlined in its plan, the recent rise in stock price may turn out to be a short-lived rally, or what could be called a final dance.
SMCIIt seems you are referring to a strong investment opportunity in the stock SMCI in the American market, with a potential rise ranging from 40% to 70%. The technical analysis you mentioned, such as the downward channel and the clear divergence on the MACD indicator, can suggest a possible trend reversal."The decision now depends on whether you are an investor or a trader. I see that the $24.5 level is excellent for investors as it aligns with the 200-day moving average on weakly frame, targeting a 100% profit At least with a 20% stop loss. However, if you are a trader, we might wait for a price action signal around $33, aiming for $44."