Bullish on SMCI - Symmetrical Triangle Formation

2024年7月17日

SMCI looks has clearly formed a symmetrical triangle. I expect a triangle breakout at earnings or possible before earnings if really good news is expected. Because this is a symmetrical triangle, you have to play the direction of the breakout. Have a tight stop loss at 800 and prepare for take off to retest $1220 💰. If this breaks out bullish, this will be a 45%+ move 🚀. On a side note, I'm expecting a stock split announcement and a killer earnings to catapult this thing. Hold on 💺

2024年7月18日

註釋

Bearish breakout of the triangle angle today. I would steer clear from this stock until a confirmed up tread is noticeable. The bears have taken this one over for now.