SMCI is really really really extended... Maybe this is the spot it takes a breather?
Kommentera:
just keeps on going! Amazing
Kommentera:
Now we are seeing some selling. This just feels like TSLA did when it first broke out in 2020 (and almost completely retraced). I wouldn't be surprised if we see a similar move.
Kommentera:
fail to make new highs and my money is on testing the swing low
Kommentera:
So it hit the 3.618 and failed there, i give myself half credit... lol
It just feels like a near complete retrace is in the cards, i expect this to trade in the $400s sometime this year, maybe even a chance to test the $300s
It just feels like a near complete retrace is in the cards, i expect this to trade in the $400s sometime this year, maybe even a chance to test the $300s