SMCI daily and weekly charts show relative strength.

2024年7月13日

SMCI held up wonderfully on the QQQ sell-off on Thursday, demonstrating relative strength on the daily chart. Long from $888, which was the intraday VWAP on Thursday, the middle of the four-hour 100 linear regression channel, as well as the weekly 20 SMA.

Next week, there is room to recently weekly highs of $1000, followed by the weekly upper Bollinger Band at $1090 on continuation. NDX and NDXE inclusion on 7/22/2024 should provide a bullish catalyst this week, and Super Micro Computer may also be a candidate for a stock split like NVDA AVGO and MSTR

2024年7月24日

交易結束：目標達成

SMCI was closed on the push to the upper daily Bollinger Band around $950. All positions are managed with a breakeven stop after reaching an initial target.