Retesting the blue support line today at $35 which is slightly below the 50 Day MA and the 0.38 Fib
If $SMCI does not hold this $35 line then it could start working it's way down through the support levels but they should still keep $SMCI on the outside of the descending wedge
There is still risk here but a higher low on the fib levels will be a positive sign.
Sercan Altuntas
2024-12-13 19:34:01 +0000 UTC