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.
1SMCI trade ideas
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.
Super Gains with Super Micro Computer Through the End of OctoberSuper Micro Computer (SMCI) is a good candidate to watch.
When the RSI moves above the moving average, a significant upward movement is likely.
Currently, the stock may still be in a consolidation phase, which could end by the end of August.
When the Bollinger Bands move closer together, a breakout is imminent.
The stock has been trending primarily in one direction: upward.
Looking back, what did you miss out on ?Recent Developments: Super Micro has introduced several new products and initiatives that have fueled its stock performance. Notably, the company launched a ready-to-deploy liquid-cooled AI data center, optimized for NVIDIA Corp AI Enterprise software. This innovation is designed to accelerate generative AI adoption across various industries, providing significant cost savings and enhanced performance.
SMCI - Super Micro Computer Inc - 50% move to all-time high?SMCI is approx a 50% gain away from all-time highs. Do you think the chip industry will rally again? How long do you think it will take to gain momentum? Price is currently hovering near the 100 EMA. This could be a good place for a bounce. Add SMCI to your watchlist?
smci seems like a hot ticketA very volatile stock that has grown alongside NVDA and other AI platforms, MACD crossed over to positive territory and still has room to run. I'm bullish that 900+ indicators aren't maxed out!
SMCI trendline retest bounce go LongSMCI broke above the trendline, then retracted back to re-test the trendline and this time it bounced off of the trendline, rejecting the trend continuation and going into reversal. Go Long.
SMCI Short Term Bull with retest of 760 possibleSMCI's price movement today has been overdone. I foresee another pull, but the overall semi-story with NVDA out of water is still good. Without any material macro event, it will retest its all-time highs. However, due to the turning tide in favor of DELL and other integrators gaining traction, it will eventually fall hard.
In Simple words, I see a 760 Retest before hitting an all-time high of 1230 but eventually falling back to 600. Hence, this is a nice trade idea only for whoever wants to ride a huge beta in the Options trade.
SMCI UpdateUpdate to the idea shared a couple days ago. Our liquidity indicator was calling for longs on SMCI and we are now getting that play-out as its breaking above 800.
What will the end of the rally look like.The SMCI gives us a good indication of what the end of the rally looks like.
The SMCI has gained as much as 66% over the three-week period, and the difference between the weekly highs and lows has been very, very large.
Since then, the stock has tumbled more than -45%.
The stock has since rebounded slightly like a rubber band, but has returned to a downward trend.
This is typical of the lead stocks coming to the end of the rally.
SMCI's earnings are amazing.
Sales growth is 200% and EPS growth is 368%.
But what's wrong with the stock price?
This tells us that a lot of stocks are coming to an end regardless of their earnings.
That's because many professional investors sell their shares before earnings get worse.
But this is not to say the end of SMCI.
The SMCI may be able to build up enough energy over a long period of time, and then regain its former glory. I don't know when that would be.
Upcoming soonSuper Micro should follow Nvidia. Price is bouncing off the uptrend line support. I think is going to start to consolidate within the triangle to finally break up. I just bought some, I'll keep adding at every pull back. It might take a few more weeks. SL triggers if a weekly candle breaks down and closes below the lower vortex.
SMCI Short TradeI took a short on SMCI today. I had posted a bullish and bearish idea for it earlier in the week. Neither of those have triggered yet. I took this trade because it failed at previous lows and a trendline shown here. My target would be either the most recent lows we made or the trendline support slightly below that. It can still breakout to the upside here as well, wouldn't want to be short if it takes out the trendline it failed at today.
SMCI Long Idea I think SMCI could easily go either way this week depending what NQ and NVDA do. So here's a follow up long idea to my previous short idea. If the market is bullish this could be a great long opportunity if it goes.back to test the trendline it broke out of. This area also has some previous lows for added confirmation. I expect good movement out of SMCI this week either way.
SMCI Short IdeaGiven the strength of NVDA and other semis, it may not be the best idea to try and short into that much strength, but this could prove to be a great short opportunity if NQ falls off.
SMCI has broken a shorter term uptrend to the downside, so I'll be looking for short entries on a retest. There's actually two different trendlines it could hit at the same time which would be the ideal scenario.
