$SMCI
Added 2024-10-21 18:59:20 +0000 UTCA very clear ascending triangle is being formed here now under the $49 level at the 0.618 Fib
It is also clear that the $49 level is an important resistance level, reinforced by being the important Fib level too
So what we do know is that when/if this level converts to support, this will give the signal to the bulls to add....and so will we.
The apex of the ascending triangle also aligns with the earnings date too at the end of this month which is not confirmed yet
So within 10 days, I believe $SMCI will release its audit information and current earnings.
I have a position.
Comments
so at this point while the charts tell one story we're basically "rolling the dice" that the financials are good
AL
2024-10-21 21:24:08 +0000 UTC
