$SMCI
Added 2024-08-27 15:31:24 +0000 UTCI uploaded this yesterday because I noticed that $SMCI was performing a lot weaker than the other Semi companies and was down -8% on the day, way out of sync with the other companies too.....we also observed that the 0.5 Fib at $629 was a persisting resistance level and the price was still below its 50 and 200 Day MA
Short attack today caused a flash sell off down -8% but has recovered to -2% now
$SMCI may have to address these issues that were highlighted.
Regardless of this, the 0.618 Fib at $488 was not tested and a higher low is in so far.
This could all be forgotten about tomorrow if $NVDA drags the sector and the market higher....it would also offer an opportunity being below the 200 Day MA and above the 0.618 Fib support level.
Comments
Heisenburg Released a report on SMCI. I would be extremely cautious about this stock
Rishi Kalakuntla
2024-08-27 20:45:18 +0000 UTC
