BEWARE - Market-wide we're seeing a potential institutional "rugpull" sort of situation after plenty of ATH's made last week. Not predicting the market's "top" but I am seeing a common theme on many charts that correlate to the S&P recent ATH and subsequent dump (especially considering it wasn't provoked by any specific news).
Also, SMCI specific, keep in mind their deadline approaching to submit the required documents to avoid de-listing. Goes without saying that this would have a huge effect on the stock if somehow they failed to submit.
Happy Trading :)
Also, SMCI specific, keep in mind their deadline approaching to submit the required documents to avoid de-listing. Goes without saying that this would have a huge effect on the stock if somehow they failed to submit.
Happy Trading :)
Trade active
As mentioned in the video, important that we break out of that HTF orange selling channel before entering!
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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.