$SMCI is down -8% in the PM now, further confirming the rejection at the 50 Day MA and the wedge breakout level at $37.80
The green fib support levels are still in play, so we want to see a pull back in 3 waves now to hold between the 0.5 Fib and 0.618 Fib levels between $28-$25.50
A higher low may attract more buyers again for another run up to the 50 Day MA next.
Don Leo
2024-11-29 14:03:17 +0000 UTCSunja C
2024-11-29 13:46:16 +0000 UTC