SMCI is following a very even descending resistance line .
As per the chart watch out for a breakout and only make an entry upon breakout of this resistance line
as per recent earnings its good value at the moment (770 ) to get in and accumulate
it can come down to 710 and next support is 670
anything between that value is a very good value to accumulate
so far the earnings are bullish but technically SMCI is in bear trend so please take care of your stop losses
620 is STOP loss
As per the chart watch out for a breakout and only make an entry upon breakout of this resistance line
as per recent earnings its good value at the moment (770 ) to get in and accumulate
it can come down to 710 and next support is 670
anything between that value is a very good value to accumulate
so far the earnings are bullish but technically SMCI is in bear trend so please take care of your stop losses
620 is STOP loss