SMCI Short Term Bull with retest of 760 possible

SMCI's price movement today has been overdone. I foresee another pull, but the overall semi-story with NVDA out of water is still good. Without any material macro event, it will retest its all-time highs. However, due to the turning tide in favor of DELL and other integrators gaining traction, it will eventually fall hard.

In Simple words, I see a 760 Retest before hitting an all-time high of 1230 but eventually falling back to 600. Hence, this is a nice trade idea only for whoever wants to ride a huge beta in the Options trade.

액티브 트레이드:

SMCI is trading within the pinching wedge. From now on, it will be highly dependent on market/macro data. Dell mentioned last night that they are facing pricing competition from SMCI(Though he didn't take any competitor's name). This is a net positive in favor of SMCI as people were thinking the SMCI bull is slowing down due to recent news, which put DELL in the right of the middle because of X.AI spending. There are tons of midsize data centers upgrading and building their own AI offerings.

코멘트:

I have averaged my 1 Call for July to 4 Calls, which is still in the red. But I am hoping that this morning's momentum continues for days. But I am still long. The next Point to watch out for is 845 on the 30-minute chart, and then finally reclaiming the all-time high in the 1-hour chart.

매매 수동청산:

I Closed my call as I reached 60% profits. I will see another minor dip for re-entry; for now, profits come hard, and you protect your green.