SMCI Excellent short-term buy opportunity.

25 Haz

Super Micro Computer (SMCI) has been trading within a Channel Up pattern since the April 22 Low, with every Bullish Leg registering at least a +35.80% rise. The price is now just below the 4H MA50 (blue trend-line) and the final technical confirmation that's needed is for the 4H MACD to form a Bullish Cross.

As a result, this is an excellent short-term buy opportunity. Or Target is $1050 (just below the +35.80% mark).

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