Super Micro Computer, Inc.
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SMCI: Call Buying Into Wave 2 of Larger 3

SMCI has sold off aggressively in the last few weeks and I see that Wave 1 of larger 3 is complete. I'm expecting a hard wave 2 bounce next week to 627, then reject before filling the gap at 667. At that point I will be buying PUTS.

PT1 627 PT2 667
הערה
WAVE 2 of 3 should finish at the bottom of larger Wave 1 at 671 April 22.
הערה
Another thing to note is the inverted hammer candle on the weekly (bullish)
הערה
planning on closing out today if SMCI hit 580. Seeing too high of a RSI atm and expecting a possible pullback
הערה
sold at 583 which was 1.618 fib retracement from todays breakout on the 5 min chart

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