Hello Traders,
SMCI has no mercy on traders who bet on declining price!
The stock is rising from high to high and the reward for those who bet on this scenario is unbelievable!
Next stop should be around $1000.-, an extended price target is around 1088.-!
While the stock has been rising with higher volatility, it needs a drop below 745.- range to call out a "stop" of the advance! For now, there is no evidence to support this idea.
The advance is part of a wave 3 of higher degree and could extend up to $1375 area, if my idea works out!
I have closed my position and sold the rest of it (⅓) and had a great reward too!
Traders who have followed my idea since December 17th have this too!
Make sure you leave the floor, before the music stops! Once, this rally is over and a correction will be next, I expect a many weeks long phase of sideways or corrective action!
Be patient!
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.
SMCI has no mercy on traders who bet on declining price!
The stock is rising from high to high and the reward for those who bet on this scenario is unbelievable!
Next stop should be around $1000.-, an extended price target is around 1088.-!
While the stock has been rising with higher volatility, it needs a drop below 745.- range to call out a "stop" of the advance! For now, there is no evidence to support this idea.
The advance is part of a wave 3 of higher degree and could extend up to $1375 area, if my idea works out!
I have closed my position and sold the rest of it (⅓) and had a great reward too!
Traders who have followed my idea since December 17th have this too!
Make sure you leave the floor, before the music stops! Once, this rally is over and a correction will be next, I expect a many weeks long phase of sideways or corrective action!
Be patient!
Have a great week.....
Ruebennase
Please ask or comment as needed.
Trading based on this analysis is at your own risk.