SMCI eyes on 1152: Golden Genesis fib and Sister of last support

4 Mar 2024

SMCI hitting next Golden Genesis fib at $ 1152.72.
Last strong bounce was Sister Golden at $ 713.83.
Expecting reaction here, like Sisters paying catch.

4 Mar 2024

Not

Triple Top EXACTLY on our fib?

This could well be "A" top if not "the" top.

=========================================================================

.

18 Mar 2024

İşlem aktif

Attention Passengers: the Captain has turned on the seatbelts light

Please buckle up as we drop thru some turbulence.

.

Zoom IN (m1)

now watching $933.27 for support,
and a couple of resistance zones above.

===================================================================================================

.

21 Mar 2024

Not

Decent little bounce under way


Quick Elliott Wave guess might look like:


.

Zoom IN (M15) and adding a fib of last wave down:

$ 985.11-988.47 the Immediate resistance zone to watch.
Break above might invalidate the EW count....

===================================================================================================

.

9 Nis 2024

Not

Pull back continues, testing a minor support

$881.42 is a Minor fib ratio,
$827.46 a Semi-Major (stronger)
$713.83 is Major (golden srongest)

.

Zoom in (m5)

Pings on the Genesis fibs (thick lines) confirm the entire series to be relevant.

So we an expect a bit of a bounce here,
but still looking lower for final targets,
need to see/fib the wave as it develops.

===================================================================================================

.

19 Nis 2024

Not

Bounce where expected


Only to crash soon after

Thanks to Middle East conflict, whole market is down today, a Friday.

So lets see what Monday looks like,
maybe bulls can regain this support.

===================================================================================================

.

23 Nis 2024

Not

Back to the Scene of the Crime

Back to our Golden fib where this last leg started.

It was pierced, so not confident it will hold....

===================================================================================================

.

30 Nis 2024

Not

Quick update at Earnings Report.
Zoomed way in to 15 second candles:

Quick proof that all of our fibs are still good.

.

No idea what to expect next, just a quick "check this out". :)
Will do some measurements soon to look for any new clues.

===================================================================================================

.

8 May 2024

Not

quick update on m15:

Between the proverbial "Rock and a Hard Place"

Looking for break to either side for next leg.

===================================================================================================

.