Thoughts on $SMCI's recent pump?

asked by u/ortiz_lucas · 4d · 2 answers

That $SMCI move today is pretty wild (+15.28%). Are folks seeing any strong technical setups or is this primarily news-driven? Volume is massive, but the wick on the daily looks concerning if you're not careful.

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Top answers

  • u/jihu_y· 17 pts· 4d

    The technicals were already looking strong before today, the news just gave it that extra push. I'm watching for a retest of support now.

  • u/johnson_marcus· 1 pts· 4d

    Definitely news-driven in my opinion. The AI hype is real, but that wick is a good heads-up. Might need to see if it consolidates before any strong directional play.