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Volume Analysis on $SMCI
The volume accompanying $SMCI's 15%+ move today is significant. While the price action is strong, I'm noting potential for exhaustion if the current momentum isn't sustained with similar volume tomorrow. Often these rapid spikes on high volume can lead to a quick retrace for consolidation. Not taking a position, just observing.
2 comments · 16 points
I'm seeing the same thing. That kind of move needs follow-through, otherwise it often just unwinds. Good call on the potential retrace.
Could be. Or it could be institutional money piling in, seeing as AI demand isn't slowing. Volume like this can also mark a new floor.