Last SMCI update for a while.We LOST the orange EMA as support and now it will act as resistance in the short term. It will be an important key indicator if we are planning to flip the trend and go bullish. BUT this is a BEARISH signal as of now....
I will continue to hold swing puts on this and NVIDIA as I can smell weakness and war regarding Taiwan.
1SMCI trade ideas
Super positive view of SMCIOn the last Friday, SMCI stock showed clear ABC pattern with decreasing near by 0.618.
However, there were not strong bound with weak buying. So, it is fifty fifty.
It could be start of big 3 wave or just stopping by the support line.
In addition, it depends on Nvidia stock movement.
🍌🍌 SUPERMICRO — AI INFRASTRUCTURE STOCKS GO BANANA 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.
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Super Micro Computer ($SMCI) Growth Fueling Investor's Support Alset Capital Inc. has announced that Cedarcross International Technologies Inc. has signed a $26 million contract with an arm's length counterparty to distribute 64 Nvidia H100 HGX 8GPU servers, generating $26 million in revenue for Cedarcross.
Nvidia's H100 GPU Servers are used in "Transformational AI Training", offering up to 7x higher performance for High Performance Computing applications. Cedarcross continues to demonstrate its ability to secure competitive pricing and expedited lead times for highly sought-after Nvidia H100 GPU servers through key industry partnerships, including with Earthmade Computer Corp., an authorized distributor of Super Micro Computer, Inc.
The estimated gross margin from this agreement will be approximately $2.3 million. The company has also increased its consideration payable pursuant to its extended engagement with Omni8 Communications Inc. DBA Omni8 Global ("OMNI8 Extended Term") to assist Alset in developing a corporate marketing strategy, providing marketing and public relations advisory services, and assisting with various other public relations efforts. Alset shall pay OMNI8 Global an additional $180,000 for the OMNI8 Extended Term, which will run for two months and commence on May 8, 2024, and the date the OMNI8 Extended Term is accepted for filing by the TSX Venture Exchange.
Super Micro Computer ( NASDAQ:SMCI ) is in a rising trend channel in the medium and long term, with rising trends indicating positive development and increasing buy interest among investors. The stock closed Wednesday's trading session up 15.81% with a Relative Strength Index (RSI) of 59.77 which is primed for further gains.
$SMCI is an A+ SetupNASDAQ:SMCI is an A+ setup I entered into this morning. These are the kind of setups I need to sit on my hands more often and wait for. Stop taking stabs at lower quality stuff.
Reports great earnings. Gets tight then boom breakout on rVOL. I noticed the delayed earnings reaction this morning. The rVOL was outpacing the market and the relative strength it was moving with. DCAed into it through out the day. Inflation data helped us a lot today.
Has Super Micro Paused Long Enough?Super Micro Computer began the year by more than quadrupling. Now, after pulling back for two months, some traders might expect further upside.
The first pattern on today’s chart is the falling trendline along the closing highs of March and April. The maker of AI servers is now trying to push back above that resistance.
Next, MACD is turning higher and prices are clearing the 21-day exponential moving average. Those signals could reflect more a more bullish trend in the short term.
Third are the pair of levels at $692.50 and $855, which were highlighted on April 10 . SMCI held the lower price on April 22 and is now trying to claw back above the higher one.
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SMCI - Is it time to buy it?SMCI is one of my favourite stocks.
Unfortunately, earnings weren't the best but one swallow doesn't make a summer.
Currently it is testing the upper boundary of this beautiful channel.
I would need it to pop out of this channel and get past 880 area and then a retest to that level to start being bullish again (20% position).
Another way to play this would be to go with break above 850.
If AI is going to be massive bubble, SMCI will have the most speculator top ever.
Monitoring this chart like a hawk!
SMCI accumulation phase. Patience will be rewarded.Super Micro Computer Inc. (SMCI) gave us an excellent sell opportunity two months ago (March 08, see chart below) that allowed us to short on time and target perfectly the 1D MA100 (red trend-line on the chart below, green trend-line on the one above):
The 1D MA100 has so far held twice successfully but even if it breaks, don't be alarmed as this will most likely be part of the standard multi-month Accumulation Phase when the 1D MA50 (blue trend-line) breaks, which when completed sends SMCI as high as +417.86% from the bottom (that was the % rise during the last two mega rallies).
As a result, the time to buy this stock is now. Hold and you will be rewarded. It can potentially reach as high as $3500, even though $1500 certainly is good enough and more plausible on the medium-term.
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SMCI Super Micro Computer Options Ahead of EarningsIf you haven`t bought the SMCI 10X call:
Then analyzing the options chain and the chart patterns of SMCI Super Micro Computer prior to the earnings report this week,
I would consider purchasing the 750usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $209.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SMCI simple movementSMCI is following a very even descending resistance line .
As per the chart watch out for a breakout and only make an entry upon breakout of this resistance line
as per recent earnings its good value at the moment (770 ) to get in and accumulate
it can come down to 710 and next support is 670
anything between that value is a very good value to accumulate
so far the earnings are bullish but technically SMCI is in bear trend so please take care of your stop losses
620 is STOP loss
Super Micro Computer, Inc.: For Growth ReloadedFundamentals:
The fundamentals of this stock continue to impress with its accelerating sales and earnings. Earnings stability could be better. Funds continue to pour in, but not the best.
Earnings come out today (April 30, 2024).
Technicals:
Price continues to make HHHL.
Let's see if it can make another all-time high.
4/30/24 - $smci - hard to buy print watching to maybe buy dip4/30/24 - vrockstar - don't see how they "miss" per se but it's more a valuation equation for me. think guide should be bullish bc it's easy to sell upside here. probably better to just buy amd/ nvda though as any "miss" is hard to dip buy, any beat might be distribution event with low follow thru. i'm potentially buying a dip on a bad amd/ amzn print that sucks mkt down and this goes sub $700. but don't want to get involved here.
SUPER MICRO COMPUTER, TINY COMPUTER BIG REJECTION TRENDQuick chart.
Price targets marked.
It needs to break over that massive trend otherwise, I'd be careful as a bull.
Support is somewhat weak until we reach that 450 level.
Bigger support comes in lower at around 236.
But both are fairly strong levels.
RSI is kind of getting up there and showing signs of maybe this being an exit move to the upside before a drop.
Yes, there is upside.
Short term trend is climbing right to to 930.
But honestly, It's really hard to tell, and it might reject at a lower target that is more short term than the 930 mark.
879?
Overall remaining neutral because I'm not really sure.
Good luck with your decision on the stock!
Potential short term bounce in SMCIWill the anchored vWAP of $716.80 on the daily chart for SMCI (anchored from the low on 31st October 2023) be defended after Friday's close dipped beneath it? The 15 minute open at 4am this morning ($747.04) looks like a potential intraday key level at this stage...
$SMCI going to plunge further to 417! WHY?Based on the STRAT methodology, it is called MGP or Machine Gun Pivot where Short Sellers will hunt for the many stop loss on each of the day candles on the left! We are talking about another 42% mark my words! LOL! Kaching coming if you are shorting that is. PLEASE this is for educational purpose only. NOT A FINANCIAL ADVICE TO ANYONE! DYDD. LOL.