$SMCI up +9% today to nobodies surprise in this group, bounced perfectly on the 0.618 Fib at $489 and now at $557 today and still significantly below its 200 Day MA at $678.
$SMCI, $AMD and $DELL have all been holding on their 0.618 Fib now and have bounced so far
This is also why we added $AMD today too.
So we want to see a series of higher highs and higher lows next and a drift up to the 200 Day MA next to show signs of a reversal.
Gareth Neary
2024-08-12 16:37:21 +0000 UTCGareth Neary
2024-08-12 15:26:59 +0000 UTCZerda
2024-08-12 15:24:35 +0000 UTCDiegoTheSabre17
2024-08-12 15:23:19 +0000 UTC