Super Micro Computer, Inc. (SMCI) has had a parabolic run, but to me, it’s looking a bit like a bloated pig on stilts. Amidst the geopolitical tension with China and the Taiwan situation, it's a precarious spot for U.S. tech.
If the republic of China political mandates starts get inforced by the PRC of China policing into Taiwan and this start to hold up the chip facilities things are shaky..
SMCI’s got a gorgeous bear flag pattern going on, with the 325/200 EMA crossover giving the green light for a swing trade. The ATR is low, so expect more of a slow bleed rather than a dramatic drop—think death by a thousand cuts.
This is the Second Flag ive caught, I believe its a magnet to the yearly level (Orange)