$SMCI Weekly Showing Shooting Star With NASDAQ:SMCI having this shooting star and still a high RSI at 90. Looks like can go to the 745 level pretty quick. Below that you can see a big drop. Could open Tuesday down 100.
SMCI trade ideas
** SMCI Price Action REview **Going over what happened to SMCi how to read what the market is telling us and keep our bias's out of our trading plan. I dont know what a stock will do, you don't know, nobody knows what a stock will do and its not our job. our job is to take High Reward to Low Risk trades. Let's make sure we Review SMCI and get ready for the next one. Do the hard work. learn to manage Risk and when to take Action. that is our goal for the Rest of 2024.
buying every FVG on the strongest stockexit now at 1k is a valid target
i just wish there would be a fait value gap scanner, the entry and exit on FVGs is very clear no other indicators or market structure needed if market breaks out with a FvG
SMCI Moves Traders Won't See ComingThis is the weekly chart of SMCI showing Support and Resistance zones.
Weekly charts take a long time to play out.
Bookmark this for reference.
SMCI Experiences Rollercoaster Week Amid AI BoomThe stock market is often a whirlwind of ups and downs, but few stocks exemplify this volatility as much as Super Micro Computer ( NASDAQ:SMCI ) in recent days. With its shares soaring to unprecedented heights before tumbling back down, NASDAQ:SMCI 's journey reflects both the excitement and unpredictability surrounding the artificial intelligence (AI) sector.
Unveiling the Rollercoaster Ride:
In a week marked by dizzying swings, NASDAQ:SMCI 's stock embarked on a wild ride that left investors both exhilarated and apprehensive. Following a remarkable surge that propelled the stock above the remarkable milestone of $1,000 per share on Thursday, NASDAQ:SMCI experienced a dramatic reversal, plunging by over 12% to $880.64 just a day later. This rollercoaster trajectory underscores the volatile nature of the market, particularly in sectors driven by transformative technologies like AI.
The Driving Force:
Fueling SMCI's meteoric rise is the ever-expanding landscape of artificial intelligence. Analysts and investors alike have been captivated by the potential of AI to revolutionize industries ranging from healthcare to finance. With NASDAQ:SMCI positioned as a key player within the AI ecosystem, bolstered by strategic partnerships with industry giants such as NVIDIA, Advanced Micro Devices (AMD), and Intel, the company has emerged as a focal point for those seeking exposure to this lucrative market.
Analyst Insights:
Barclays analysts have recalibrated their outlook on NASDAQ:SMCI , raising their price target to $961, citing the company's adeptness in navigating the complexities of AI architecture. They highlight NASDAQ:SMCI 's agility in customizing solutions to meet the evolving demands of AI applications, underpinned by its flexible manufacturing capabilities.
Meanwhile, Bank of America analysts echo this sentiment, initiating coverage with a bullish "buy" rating. They emphasize NASDAQ:SMCI 's potential to capitalize on the burgeoning demand for AI servers, emphasizing the company's adaptability in integrating new designs and technologies as the AI landscape continues to evolve.
Looking Ahead:
As NASDAQ:SMCI navigates the turbulent waters of the stock market, the company remains firmly positioned at the forefront of the AI revolution. With analysts bullish on its prospects and investors eyeing the potential for further growth, NASDAQ:SMCI 's trajectory serves as a compelling narrative of the opportunities and challenges inherent in investing in transformative technologies.
Conclusion:
SMCI's rollercoaster week encapsulates the excitement, uncertainty, and potential inherent in the AI sector. As investors continue to grapple with the implications of AI-driven innovation, NASDAQ:SMCI stands poised to carve out a significant role in shaping the future of technology and finance alike.
SMCI: If this is a fake spike, it should end soon. SMCI has recently made a huge spike over the 4.23. The 4.23 is often a good resistance level and prices can retrace as deep as the 1.27 if they make a top there.
Trading would be much easier if not for the spike outs, but spike outs do exist.
In a spike out we should expect the strongest action of the move and it seeming impossible this won't go higher.
Spike outs of 4.23 usually have an upper range of about 25% above the resistance level. This is now met.
If we're in a spike out - an obvious rejection should come next.
SMCI CLASSIC BUBBLE see TULIP MANIA FEB 16 1636Classic bubble and on the print high 1636 feb 16th from 8.56 to 1077 for no good reason from strong hands to weak hands
SMCI.....Next stop 1000.-?Hello Traders,
SMCI has no mercy on traders who bet on declining price!
The stock is rising from high to high and the reward for those who bet on this scenario is unbelievable!
Next stop should be around $1000.-, an extended price target is around 1088.-!
While the stock has been rising with higher volatility, it needs a drop below 745.- range to call out a "stop" of the advance! For now, there is no evidence to support this idea.
The advance is part of a wave 3 of higher degree and could extend up to $1375 area, if my idea works out!
I have closed my position and sold the rest of it (⅓) and had a great reward too!
Traders who have followed my idea since December 17th have this too!
Make sure you leave the floor, before the music stops! Once, this rally is over and a correction will be next, I expect a many weeks long phase of sideways or corrective action!
Be patient!
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
SMCI OutlookThis stock price rally for a while since the news of microchip something in the brain of tesla which contributes to the price today now i am looking for a good pullback to entry on this one but either way even tho entrying on this price is still quite looking good there is a risk of it. in techical side of it both tenken sen and kijun sen showing a strong upward movement similarly the chinko span is also pointing upward while the cloud remain a healthy green cloud which indicates a good volume
SMCI.....Note the volume!Hello Traders,
SMCI has made new ATH @ $745.17 on Friday! For whom which trade this stock, a great reward ratio!
But what to expect ahead?
Well, the highs are not supported by increading volume. That means, most traders are invested in this stock. For me, a "danger" situation. But, what do I know?
Anyway! A pause of the bull market, should lead to a longer time of "consolidation" for SMCI. After such a long run, the stock needs to take a deep breath and cool down!
Volatility is always higher for this stock, and a new entry and buy is not to recommended at the moment.
If my counting idea work out, a wave ((4)) should be next in the coming days ahead. As you know, a
Wave 4 of any degree, almost always consolidates to a 38.2 Fibo level of the latest advance.
For SMCI means a "sideways action to 510 level, when the bulls are exhausted now!!!
The coming days will give an answer; for now there is no argument for this!
Bulls should have an eye to the chart and act accordingly!
I sold ⅔ of my position and set an SL for the rest! And, what to say? I am happy with that!
Chart will be updated in the coming days.
Have a nice weekend.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
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.
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.
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.
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...
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;
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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.
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.
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.
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 news
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.
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 :)
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 lows
