Bad news usually translates to great buying opportunities and that's what happened for SMCI. Simplified this impulse wave to an ABC to show longterm trend. Feeling like a safe long (buy and hold) for those trying to get in on a fairly priced stock in a great sector.
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Price breaking out on good volume and positive news. Still long on this one.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.