$SMCI
Added 2024-09-04 19:09:07 +0000 UTCThings continue to go from bad to worse for $SMCI here as Barclays downgraded $SMCI today and said that risks do exist still
Death cross has also initiated here today too
Price continues to trend down here and I expect a lower low next, with the 0.78 Fib not being ruled out at $290.
I think if we get a chance to add $SMCI at $290, we must take this serious and recognise the potential reward here.....if their books are healthy and audited independently, this could recover very aggressively, with the 200 Day MA being the target at $690.
