$SMCI
Added 2024-08-06 20:00:44 +0000 UTCAlso reports after the close today and has not been following $NVDA higher today but is struggling underneath its 200 Day MA after a strong flush down yesterday.
The 0.618 Fib was not touched at $489, so it is unclear whether Wave C is complete now, I believe we will know more after the earnings reports in a few minutes.
Bull case would mean getting back above the 200 Day MA at $663, so a positive beat will need to be reported.
Comments
Open gap below at 495 as well, a likely target for wave C ending
Byron Tanigawa
2024-08-07 00:08:19 +0000 UTC
