SMCI Is about to RecoverSMCI found support on a bullish order block yesterday. The recovery was confirmed by a market structure shift in the subordinate time unit M5.
We therefore expect the SMCI share to recover soon.
1SMCI trade ideas
SMCI - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
The share Super Micro Computer (SMCI) can now multiply again.Technical Analysis of Super Micro Computer Inc. (ticker on Nasdaq: SMCI)
The Super Micro Computer (SMCI) share shows a very strong development within a long-term rising trend, and now the share can face further strong growth within this rising trend.
In recent months, the share has consolidated within a large triangle consolidation formation, and a break from this consolidation formation will trigger a strong technical buy signal for the share.
There will then be little technical resistance to a further rise for the share, and lead up around the upper trend line in the long-term rising trend within which the share moves.
This indicates a potential for the share up to USD 4,000, and preferably within just the next 6-12 months.
The share closed on Friday 05 July 2024 at a price of USD 846.58, so the potential for the share can be very large.
The overall technical picture for the share is very positive, and indicates that there may soon be such a break from the recent large consolidation formation, and that further upswing within the rising trend may come in the next 6-12 months.
The share now finds support around the 50-day moving average, and from the overall technical picture for the share, it is now indicated that a break up from the aforementioned large triangle consolidation formation may come within a short time (1-2 weeks).
The share is now down towards the lower trend line and support level in the steeply rising long-term trend within which the share moves, and the share appears as a very interesting buy candidate at the current price level.
With a potential perhaps up to around USD 4,000 in the 6-12 month term, and with a share price today of USD 846.00, and with a stop-loss at, for example, USD 700.00.
Yes, there is a very good risk-reward ratio here for this share case here with Super Micro Computer Inc. (SMCI).
Here it is well worth keeping a close eye on this share, Super Micro Computer Inc. (SMCI), in the time to come, the undersigned believes.
$SMCINASDAQ:SMCI setting up for 900, I think we see a nice gap up on Friday or next week. Close out the day strong as well.
Not sure about this oneI was in this name and left because of uncertainty. SMCI is a risky stock IMO. My views below.
Bull case: Bull Flag breakout. NVDA pullback and capital flows into SMCI could send share prices soaring up to 1800.
Bear case: Bear Flag. NVDA pullback and fear causes people to exit riskier low capital AI stocks.
Sellers in SMCISMCI cannot bounce, every time it gaps up, sellers push it down. It is not acting like it did on the way up.
$SMCI ready for a new breakoutNASDAQ:SMCI Primed for a breakout to new highs. Moves in tandem with NASDAQ:NVDA
SMCI Short Iron Condor Idea, Expiration (7/19) Prior to EarningsSMCI, Short Iron Condor Trade Idea, Expiration (7/19) Prior to Earnings
+1 $1070 call 7/19
-1 $1060 call 7/19
Current Price: $820
-1 $670 put 7/19
+1 $660 put 7/19
Limit price $4.20
CURRENT Bid -$0.80, Ask $4.10 (as of 6/28, close)
Risk:Reward: $580:$420, or 1:4
Probably won't get the fill Monday 7/1 unless there are big moves. But, if by some miracle it does fill, it would likely be a good candidate to buy-to-close quickly for a small profit, or to wait until close to expiration to buy to close and sell to open a new one (roll).
Worst case scenario would be unexpected early assignment.
TBD
Chop City We go to 800 but not before we test the lower trend line.
This stock has so much potential and I will wait to see how price forms
Super Micro Computer (SMCI)SMCI witnessed a strong rebound after testing the uptrend line at 750, to violate 910.85 by yesterday's session, and remaining above this level, will push SMCI to test the last peak 972.35, which is the level that needs to be violated, to trigger further rises near 1020.35 - 1070.30 - 1106.
The stop-loss lies below 883.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
head and shoulder top reversal on SMCIperfect techincal figure, with high volume on SX and lower on head , drastic low volume on right shoulder, a solid neckline, Open interest shows that the funds are shorting SMCI, perfect timing to join the train a price target of 500$ is nice.
SMCI: Breakout Ahead?Daily Chart:
On the daily chart, SMCI is forming an ascending triangle pattern, a bullish continuation signal. The price has been making higher lows, suggesting accumulating buying pressure.
The resistance level around 972.44 is crucial. If the price breaks above this level, it could signal a continuation of the uptrend. However, if it fails to break through, it might revisit the lower boundary of the triangle or even the 21-day EMA, potentially testing investor sentiment and patience.
Weekly Chart:
In the weekly chart, the stock is exhibiting a flag pattern, typically a bullish continuation pattern formed after a strong upward move. The price has been consolidating between the 38.20% and 50.00% Fibonacci retracement levels, which often act as support during pullbacks. A breakout above the flag pattern's upper boundary could resume the prior uptrend, potentially reaching new highs. Conversely, if the price breaks below the lower boundary and the 50.00% retracement level, it could signify a deeper correction, possibly toward the 61.80% retracement level.
Conclusion:
Considering both time frames, SMCI is currently in a consolidation phase with bullish potential. The key levels to watch are the resistance at 972.44 on the daily chart and the boundaries of the flag pattern on the weekly chart. A break above these levels could confirm the continuation of the uptrend. However, caution is warranted if the stock fails to break these resistances, as it might signal a possible retracement or a period of further consolidation. Therefore, monitoring these levels closely will be crucial in anticipating the stock's next significant move.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
SMCIThis is one of my several mistakes, bought it last week, assuming the correction was over after the leading diagonal. Anyway, the position is not heavy, but, seems, got stuck for a while.
Any thoughts on SMCI? Would appreciate your feedback.
SMCIUSDTSMCI.
Will SMCI get bids from buyers ?
As the price is at strong support level and bullish divergence( on lower time frame) indicating the buyers may attack this zone. If this happens and buyers start buying from here then the next target could be 1000
What you guys think of this idea.?
SMCI Excellent short-term buy opportunity.Super Micro Computer (SMCI) has been trading within a Channel Up pattern since the April 22 Low, with every Bullish Leg registering at least a +35.80% rise. The price is now just below the 4H MA50 (blue trend-line) and the final technical confirmation that's needed is for the 4H MACD to form a Bullish Cross.
As a result, this is an excellent short-term buy opportunity. Or Target is $1050 (just below the +35.80% mark).
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Bull Flag BreakoutLet see how this works out. The price broke out of the bull flag before back testing the resistance/support. $1,800 in 8 weeks seems aggressive, but the PEG ratio is a teeny tiny 0.83. There is obviously room to run.
$SMCI Breaking outNice pull back for weeks and now breaking out on high volume. Watching for now since already up 16% in a day NASDAQ:SMCI
🍌🍌 SUPERMICRO — AI BANANAS RECOVER FROM THE BEARISH HUGSIt’s hard to believe that only a few short years ago, Super Micro stock was trading for $10 per share. Now that it’s hovering near the $1,000 area.
And Yes, SMCI stocks are still Top #1 over the all S&P500 components with +217% YTD performance in 2024, and +471% 12-months performance.
Supermicro is an American company, a major manufacturer of motherboards, cases, power supplies, cooling systems, SAS controllers, Ethernet and InfiniBand. The company specializes in the production of x86-server platforms and various components for servers, workstations and data storage systems. The headquarters is located in San Jose, USA. Founded in 1993.
Supermicro, Inc., a provider of end-to-end IT solutions for cloud computing, artificial intelligence/machine learning, storage, and 5G/Edge communications, continues to expand its data center portfolio with NVIDIA end-to-end rack cabinet solutions HGX H100 equipped with liquid cooling systems.
Supermicro's advanced liquid cooling technologies help reduce time-to-commissioning, improve performance levels, and reduce data center operating costs while dramatically reducing energy efficiency.
It is estimated that when using Supermicro liquid cooling systems (compared to air-cooled data centers), data centers save up to 40% in terms of power costs. In addition, direct cooling costs can be reduced by up to 86% compared to existing data centers.
In technical terms, SMCI shares are strongly above 26- and 52-weeks SMA, while a classic scenario 'recovering from bearish hugs' is happening right now.
SMCI BreakoutI posted a bearish idea on SMCI earlier in the week, based on a resistance level I had around 928, but also included a bullish path because if that level didn't hold the break above could result in a quick move back to the $1,022 area.
Here's another chart with a more bullish perspective. Elon announced plans for SMCI to collaborate with Dell and NVDA to work on infrastructure for Grok. As long as stocks continue to hold up, this is yet another reason for the market to pump semis and particularly SMCI. NVDA is sitting at ATH while SMCI is over $300 off ATH.
As for the chart, we have a descending trendline breakout that held on a retest and it's approaching a recent double top around $970. This is the most critical area for more to the upside for now. If it's able to break above, it could provide a nice long opportunity on a retest, or it might not retest for quite some time. There is great potential for another long leg up on SMCI. I'm still questioning the validity of this rally, but that doesn't really matter. If we keep pumping, calls should be the play until something changes.
fakeout or breakout?I'm leaning toward fakeout, just because I like to see stocks crash, but this is generally the point at which we find out one or the other.
SMCI Short IdeaSMCI has been on a big run since AVGO announced their stock split. It has rallied back up to resist near $928. So far it has failed and I'd expect more downside, but this could definitely be a fakeout and go on to test the 1022 area. Depends on NQ and other semis along with VX.
SMCI SupportOur liquidity sweep indicator gave a bullish signal on SMCI this morning. Daily support was swept and reclaimed, and lower time frame market structure has started to shift bullish here.
