$SMCI - WATCHLIST -
Added 2024-10-15 10:00:50 +0000 UTC$SMCI is still being kept down by the 50 Day MA and the 0.618 Fib which is a confluence level, as two separate indicators have aligned at the same price.
A break above $49 and holding and I believe $SMCI can recover very well and move back up to its 200 Day MA at $72, for a 40% gain, so this is worth keeping an eye on.
Rejecting at $49 and the blue line at $35 is a possibility.
