Things are not getting any better for $SMCI, price has not rejected below the blue line at $22 and under the wedge bottom line and is down now to the last Fib support level on the 0.88 Fib at $18.
Losing this level and the last support is the ATL line at $3.61.
The S&P500 added $SMCI on the 18th of March, price was at $107 that day.
So they were clearly unaware about what was about to unfold.
I am not seeing this get any better for $SMCI in the short term.
Chris H
2024-11-14 15:00:54 +0000 UTCBercan
2024-11-14 13:21:28 +0000 UTC