$SMCI
Added 2025-01-06 14:54:21 +0000 UTCUp +13% today and look at where the pull back held, just above the 0.618 Fib and on the outside of the descending wedge.
Exactly where we expected for this pull back
Bias aside for the company and just going by the chart.....the price is now above the 50 Day MA and the 1.618 Fib at $79 or even the 200 Day MA at $63 look very obvious for tests next.
Risks are still there but the chart is undeniably positive here now.
Comments
If the 10-K filing is completed by February 25th, a substantial increase of over $100 could be achievable. The majority of institutional and retail investors are still awaiting the February deadline.
MR BULLGIGGLΞS
2025-01-17 00:21:52 +0000 UTC
