SMCI - Breakout of Rectangle On The Cards

2024年1月19日

SMCI has formed a 5 month consolidation rectangle and is about to break out.

This setup is similar to Nvidia one which we had a couple of weeks ago.

SMCI just raised their Q2 forecast this morning.

Semiconductor sector is very strong at the moment.

Pure momentum play here.

Initial target is at 450.

2024年1月19日

註釋

SMCI train has left the station!

2024年1月26日

註釋

Sold half of my positions at 472 yesterday.

Had a really good run so far. Moved stops to 399 for now.

Just something to ponder upon, Nvidia is trading around 22-23 Price to Sales.
SMCI is only around 3 for Price to Sales. There should be more upside in here.

2024年1月30日

手動結束交易

Banking in some good gains.

Will wait for another setup to good in.

2024年2月20日

註釋

SMCI will be kissing the 10 Day EMA tonight.

Will be interesting to see price action from that point onwards.