$SMCI - RC -
Added 2024-01-29 17:52:34 +0000 UTCIn our last upload of $SMCI 2 weeks ago, we said that this was in Wave 5 and would likely go above $400+ to complete Wave 5.....it is now up over 30% since then and it is starting to run out of some steam as $INTC has stuttered the sector with their earnings.
I believe there is a subwave 4 pull back before the final subwave 5 of Wave 5 left to go.
The strong move over the last two weeks is very typical of a Subwave 3 of Wave 5 run.
Just be cautious of the gap between the price action and the 50 Day MA here.....it is very extended....red flag warning for me.
