SMCI (Super Micro Computer) is currently testing the top of Wednesday’s big earnings gap, which is the first decent resistance level & could also be used to take partial or full profits for those only looking to game a quick, reflexively bounce. This is also a good time to raise stops to protect profits (stop level will depend on one’s unique entry, price target(s), & preferred R/R. Updated 60-minute chart below with today’s pre-market trades in white.
SMCI 60m Nov 8th