This ballon looks like it’s running out of air

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Be very careful buying the dip on SMCI, there is literally not floor underneath.

There is hardly any support beyond where it’s sitting at the moment. If it fails to bounce here we are talking a drop to the $300 level.

The trend is your friend, I’m afraid that remains to the downside.

Do what’s best for you. This is not financial advice, just my thoughts.
交易結束:目標達成
Another 30% plus drop. I closed my position today, this was a monster short. I hope you made money with me on this, profits locked in.
Trend Analysis

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