Jan. 16 at 7:34 PM
$SMCI Stretching that upper Bollinger band up higher.
Cleared 20 (red line) moving average, and about to cross the 50 MA (green line) at
$32.91. After that, we have a clear sail to
$100 MA (blue line) at
$40.71.
And after ER, we jump past 200 MA (gold line)
$41.88. By then, 20 MA could cross up the 50 MA.
Just in 2 days, situation have improved dramatically.
Also we just might double the average daily volume.
Simply, there is a lot of accumulation happening here.
I think funds are starting to load ahead of the ER.
Or, may be GS wanted to buy more and they wanted it cheaper. LOL.
$SMCX $SMCL