SMCI is looking at a return of the uptrend after breaking above its corrective downtrend line and buying pressure is seen resuming. Overall major trend is on the upside and strong. Momentum:
Long-term MACD: histogram is positive and signal line is rising steadily
Stochastic Oscillator: Nearing overbought zone, but momentum remain healthy. As long as correction (if any) is not strong (drop cannot be more than 7% within a week).
Volume is healthy
Buy spot at 60.05 or buy upon correction at 43.27.
35.09 is the major support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.