The Long Investor
patreon
$SMCI
🕑 Added 2025-02-05 20:13:56 +0000 UTC$SMCI needs to stop looking attractive here, we have a double descending wedge breakout now, where the price is exactly at the breakout level now at $31.40.
Price has been held down today by the 50 Day MA still, so there is still some work to do from the bulls.
For me, the low risk entry is flipping the blue line to support at $35.65, which will mean a clean breakout and higher low and the next levels for resistance will be the green line at $51 and then the Wave 3 target at the 1.618 Fib at $76.
Comments
Danny
Hopefully the earnings doesnt get delayed again, lots of pressure on them
Divyam Kaushik
needs to stop looking attractive? :) Earning report next week, i think people are just happy that they are reporting. Can shoot up!
