SMCI (Super Micro Computer Inc.) was highlighted as another objective short entry on the trendline backtest (around the HOD) in yesterday’s video. In the daily chart below, I’ve added price targets (T1-T4) with the trade already profitable by 20% in less than 24 hrs (which follows the 23% profit booked on the 3-session trade closed out on Monday).
SMCI daily Feb 27th
Should /NQ & QQQ go on to break down below my red support zones & the 200-day moving averages, additional targets will likely be added to this trade, somewhat along these lines (weekly chart below).
SMCI weekly Feb 27th