I have an alert set on that resistance line where I’ll look to go long if the market also looks good. There is a big gap from Aug 9 that I think can be filled. However, there is also some resistance apparent around $297 looking back at the 2 big red bars. It looks to me that SMCI found support at the All Time High AVWAP. See notations on chart.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
עסקה פעילה
I have started a 1/3 sized position in this as it seems to have found support at the 50 DMA. My stop is now is a close under the 50 DMA. I will add if / when it moves over the overhead line of resistance.
הערה
Just 30 minutes into the trading day we have 1/3 average daily volume. This is lining up to be another Pocket Pivot Day (TBD)
הערה
I had brought this up to a 2/3 sized position later yesterday. I just took 1/2 off with a 26.25 per share profit. I have a hard stop on the remainder at a $22 profit per share. Take $$$ when the market gives it to you.
Just because I am closing part or all of the position does not mean I am done. It has been a fast move and I would like to see it pullback and start up again at which time I'll look to make another entry. All TBD.
עסקה סגורה: הגיע לסטופ
Just closed out all remaining shares as my hard stop was hit. Back on watch list.
הערה
I am liking this pullback on SMCI. I am hopeful that it pulls into the breakout area and then resume it's uptrend. All TBD. This is my #1 watchlist as it can have explosive moves higher.
עסקה פעילה
SMCI pulled back to the All Time High AVWAP and bounced. I have added 1/2 size as it crosses back over the breakout area. Stop just below today's low. Let's see what happens
הערה
I'm back on SMCI. This triggered for me this morning. Running a tight stop. Let's see what happens.
הערה
I have added to this position again this morning as it takes over the 50 DMA. Stop on this lot is a close below the 50 DMA. Now 3/4 sized.
הערה
Just added another 1/4 size to bring up to full sized position. Stop this lot close below 50 DMA. I may look to bring this up to 1.5 size position, TBD.
העסקה בוטלה באופן ידני
I closed this position as the market as a whole is pulling back on more interest rate worries. I made a "small" profit as I didn't want to sell but preserving capital to fight another day was / is the right thing to do. This is still high on my watchlist. I'll start a new idea if/ when I see another opportunity.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.