SMCI: Tightening Up + Inside-day Bar$SMCI tightening up after post-earnings gap up on high volume. Good risk-reward for entry, as inside-day candle yesterday allows for tight stop loss to be placed.
SMCI trade ideas
First trade using MACD stategyI have setup the stock screener to find stocks with MACD just crossing over and detecting a long position. I have several filters setup in the screener and this Friday the 9. September 2022 nothing showed up in the screener except when I tried 4 hours setting. Just Super Micro Computer passed the filters.
For this experiment I will then stay on the 4 hour chart and see how this plays out in real live.
So the plan is to follow the rules regarding this strategy. For going long the buy signal should be below the MACD zero line. Buy signal is when the blue level line is crossing up the orange signal line.
We also need to have the stock price over the 200 EMA and the 200 EMA needs a positive slope.
So the plan is to take the trade on Monday and I hope to get in at a price about $67.
Stoploss is set to just below the support line at 60.65 and the risk to reward ratio to 1.5 %. Meaning a profit target set to price level $76.63.
SMCI Potential Pullback SetupTremendous Relative Strength on $SMCI gapping into ATHs few days ago and now pulling back to the top of its previous base.
Put in an inside day Friday right around its 21 EMA.
Worth keeping an eye on early this week as a pullback buy setup.
$SMCI Potential Pullback Buy$SMCI broke out of a 7 months base on its earnings with sky scraper volume bars. It PB since then on very low vol and is exhibiting strong RS for the last few days.
Multiple pocket pivots on this last up move resulting in OBV breaking out before price.
One to watch next week.
SMCI Calling Wedge Break out with Ceiling of $2 option play @$2Falling Wedge Break with Ceiling to the upside of $2 before it hits its first level of resistance.
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by iCantw84it
11.11.21
SMCI - Wave 5 up BUY SIGNALSMCI - Wave 5 up BUY SIGNAL
Find a catalyst , check the news. if there is something position then it could explode into Wave 5 from there next month
2017-06-17 - Supermicro - Neutral Opinion but with a Buy in mindI want to go long on Supermcrio.
BEARISH:
The downtrend (red line) is still in effect so I am standing at the side.
The short interest on the stock is around 9%, which I consider to be a safe value.
BULLISH:
Over the last weeks the average volume has increased compared the volume before earnings.
This shows that interest in the stock has increased and a breakout may be coming soon.
The purple trendlines indicate that an uptrend is beginning, the stock seems to be no longer making lower lows!
ACTION PLAN:
If there is a retest under 24, I will buy and hold, with a mental stoploss at 23.
If however the stock moves above 26 I will buy the pullback.
SMCI clears advanced pivot within 1st stage double bottomSMCI was one of our favorite picks from the free excerpt of the Ready List this weekend. Of the 38 setups in primary bases this weekend, SMCI was ranked #20 overall with a Stock Evaluation Guide score if 8.75. Today it broke out from the advanced pivot at 34.46 on heavy volume and closed near the top of its trading range. From here, for the move to continue smoothly we’ll want to see it hold 33. All of the major moving averages (10, 21, 50, and 200) are all clustered around this area.
SMCI appeared as one of the top 3 Gainers on heavy volume today on ChartYourTrade.com To see the others we've analyzed, click here: chartyourtrade.com
