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SUPERMICRO COMPUTERS $SMCI |SUPERMICRO TO SUPER BEARISH Dec13'24

SUPERMICRO COMPUTERS | SUPERMICRO TO SUPER BEARISH Dec13'24

When to enter :
BUY/LONG ZONE (GREEN): $39.00 - $48.00
DO NOT TRADE/DNT ZONE (WHITE): $34.85 - $39.00
SELL/SHORT ZONE (RED): $18.50 - $34.85

Trends:
Weekly Trend: Bearish
Daily Trend: Bearish
4H Trend: Bearish
1H Trend: Bearish

has been spiraling downwards for weeks. We finally saw price come to life just this past month, but the bearish trend has continued. The break below 40.00 confirmed the bearish trend for me, and I will look to see price either continue below 34.85 or try to create some type of support here. Bulls should be eyeing a break above the 39 - 40 level to try to gain some momentum. My trend indicators are also all pointing to the downside.

This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!

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Rebound off 34.85 and back down!

1h: