$SMCI
Added 2024-08-26 15:14:27 +0000 UTC$SMCI has not been as strong as the other Semi companies since the sell off at the start of August, but it still held support on its 0.618 Fib, which is sufficient for an ABC correction to complete
We can see that the 0.5 Fib at $629 was the clear resistance level, so after 7 attempts at this level, the price finally pulled back today and has so far approached its 0.5 Fib at $559
If $SMCI is a Semi company that you like, I would wait for more support to be shown before adding.
$AMD remains my top Semi pick for now.
