SMCI looks going for reversal trend
Monthly RSI at about 50% level looks good for reversal signal
William fix bottom indicator shows max volume been form
Fibonacci retracement about 80% and stop volume recently
1SMCI trade ideas
SMCI inverse head and shoulder at 470a long can be initiated on smci at 465-475 levels for target of 540 570 levels keeping sl of around 435-440 levels
WALMART: Bearish: Overbought alert: Impact on Dow JonesWALMART: Bearish: Overbought alert: Impact on Dow Jones
Be careful with Walmart as you can see cocoa and st microelectronic also rose to very very high historical levels and look at the correction that we had immediately after at least 40% drop
This action can have a significant impact on the Dow Jones
A strong correction could lower the DJIA index
I alert you on this I alert you especially on the notion of "stock market cycle" and "seasonality"
Walmart is overbought you just have to look at your technical indicators RSI, ROC, Stochastic, exponential moving average, Ichimoku, Fibonacci retracement.
We could go much much lower so be careful this action is overbought
Monitor your above-mentioned indicators.
SMCI Lower TF levelsgo thru the chart & combine it with what I said on the H1 chart that I published just before this.
SMCI BIAS & trade ideaJust look at the chart I shared & I will post Lower TF entry levels as well if anyone's interested in that as well.
$SMCIA good range breakout after multiple months with an open range breakout. The stock seems determined to go on to make new year highs from here with morning volumes being really blistering. The earnings negative reaction in mid-August now seems negated.
