SMCI - high potential comes with high risk
There are many complex charts of SMCI on here, I like to keep it simple.
This stock has the potential for gains of 100 - 200 %, but only if there are good news in the next few weeks. As long as there is uncertainty about their accounting and Nasdaq listing, this is a gamble and it could go to 0.
Also considering that the indices are at an ATH and struggeling, I am just observing for now.
From a TA perspective price is still in a falling channel, has gone up in 5 waves and corrected. Therefore a wave 1 and 2 could be in place and next could be a wave 3 to 80$+.
Price is also trading within the lower Fib extensions.
Patience is key here. Better miss some gains than loose it all.
This stock has the potential for gains of 100 - 200 %, but only if there are good news in the next few weeks. As long as there is uncertainty about their accounting and Nasdaq listing, this is a gamble and it could go to 0.
Also considering that the indices are at an ATH and struggeling, I am just observing for now.
From a TA perspective price is still in a falling channel, has gone up in 5 waves and corrected. Therefore a wave 1 and 2 could be in place and next could be a wave 3 to 80$+.
Price is also trading within the lower Fib extensions.
Patience is key here. Better miss some gains than loose it all.
Note
with the drop this morning, the fib extensions fit better than in the chart above. This could be the bottom if earnings turn out positive.
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