The Long Investor
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$SMCI
🕑 Added 2025-02-14 18:55:16 +0000 UTCWe have to count as the theory states, regardless of how we feel about $SMCI.
Wave 2 held on the standard 0.618 Fib, and in a descending wedge, followed by a breakout of the wedge and breaking above the blue resistance line.
Earnings are out of the way and have shown that they are still undervalued
A break next above the green line at $49 will give a higher high and Wave 3 is confirmed for me to the 1.618 Fib at $75.
The only concern here is a rejection at the green line which could cause this to range consolidate for the next 6 months or so.....
But a breakout and $SMCI could be one of the best performing positions for 2025, considering it was at $24 in Jan.
Wild
Comments
Divyam Kaushik
Will you be buying?
