$SMCI - RC -
Added 2023-10-04 14:56:36 +0000 UTC$SMCI has been following the ABC corrective wave since topping out at that maximum Fib level at 4.618.
Pull back is not complete here and we can see that the price is struggling with the 50 Day MA and the 200 Day MA is all the way down at $180.
I believe if $NVDA decides to make an aggressive move down next, then $SMCI should follow suit.
I would not be entering here if you have an interest in $SMCI until at or below the 0.5 Fib at $195.
Comments
Man, I wish you would have followed up with this one. Jonah Lupton thinks it’s still undervalued.
iTurp
2023-11-22 05:21:19 +0000 UTCThanks!!
Francisco Martin
2023-10-04 21:30:06 +0000 UTC
