SMCI (SuperMicro Computer Inc.) offers an objective short entry here at the primary downtrend line (top of symmetrical triangle pattern). The suggested stop, if targeting the max. price target (T7), which would account for a 67% profit, if hit, is a daily close above 57 (about a 12% loss, if stopped out), thereby providing a very attractive R/R of nearly 6:1. Those only targeting the lower targets, such as a pullback to the bottom of the triangle/T2–T3 area (yellow uptrend line), might consider a stop on a solid daily close or two somewhat above the downtrend line. daily chart below.
SMCI daily July 10th