Hello Traders,
on February 24th I wrote this analyzes for SMCI→
tradingview.com/chart/SMCI/PxKgfaah-SMCI-Who-is-kidding-whom-were/!
The price target I called out, more than 5 months ago, was achieved and undercut the last days!
Yesterday's closing price was @ $ 492.70, the pre-market today suggest price levels @ $480.-!
If the move from $1229.- indeed has been a waves w-x-y, the price target for a wave c of y of (4) is much steeper than today's levels.
Contrary to the w-x-y count, there could be a chance for waves a-b-c. In this case, the final price target for a wave c of (4) is short @ hand!?
Keep in mind. A wave w-x-y is always an "a-b- (1-2-3-4-5) →c"!
We will follow the stock and track it in the coming days ahead! Probably a great chance is waiting for the bulls.
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
on February 24th I wrote this analyzes for SMCI→
tradingview.com/chart/SMCI/PxKgfaah-SMCI-Who-is-kidding-whom-were/!
The price target I called out, more than 5 months ago, was achieved and undercut the last days!
Yesterday's closing price was @ $ 492.70, the pre-market today suggest price levels @ $480.-!
If the move from $1229.- indeed has been a waves w-x-y, the price target for a wave c of y of (4) is much steeper than today's levels.
Contrary to the w-x-y count, there could be a chance for waves a-b-c. In this case, the final price target for a wave c of (4) is short @ hand!?
Keep in mind. A wave w-x-y is always an "a-b- (1-2-3-4-5) →c"!
We will follow the stock and track it in the coming days ahead! Probably a great chance is waiting for the bulls.
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
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.
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.