$SMCI - WATCHLIST -
Added 2024-10-18 14:15:51 +0000 UTC$SMCI is giving me no concerns right now
Price is just sitting in between the 50 Day MA and the 0.618 Fib at $49.33
We have one buy in here and I want to add again but once the 0.618 Fib is converted to support.
All dips are being bought up here
We know the risks here, the audit needs to be finalised but if it given the all clear.....the bounce will be strong, for this reason I want exposure here
Comments
The negative free cash flow is a concern, though it aligns with the expansion of inventory. This has also impacted the cash-to-debt ratio. However, I remain optimistic and project a $96 share price by the end of 2026, reflecting a 98% increase from the current $47 level.
dmumf47
2024-10-18 15:44:34 +0000 UTC
