SMCI - Pumped on conference call and earnings

Feb 10

Still holding post DeepSeek FUD.

See my earlier note


Tgt remains the trendline top for first selling pressure - an obvious one. If holders held enough the pullback towards 45 will be a rebuying opportunity for this year.

Feb 15

Trade active

Strong bullish engulf - a weekly candle, safely closed above EMA50 & is nearing $50-53 resistance. All eyes are on SEC compliance and reporting. If they are still delayed, this will crash and lose confidence. However, if they manage to report and get listed this is going to breakout.

Feb 18

Note

Heads in the right direction towards the trendline. Most likely we are going to see $60+ or a test of the trend line before the Feb 25 deadline.

6 days ago

Trade closed: target reached

I'll be exiting here - I know the FOMO can kick on post 10X filing and this can reach 90-100. But as a swing trader, I will lock-in profits here and rebuy at any future price based on good news. If they file an extension again, which is unlikely, this will dump again.