(SMCI) Long Term Investment Analysis

January 11, 2024, 13:34 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SMCI

• Buy SMCI slightly over 333.34 target 402.07 stop loss @ 332.38 Details

The technical summary data tells us to buy SMCI near 333.34 with an upside target of 402.07. This data also tells us to set a stop loss @ 332.38 to protect against excessive loss in case the stock begins to move against the trade. 333.34 is the first level of support below 342.5 , and by rule, any test of support is a buy signal. In this case, support 333.34 is being tested, a buy signal would exist.

• Short SMCI slightly under 402.07, target 333.34, stop loss @ 403.23 Details

The technical summary data is suggesting a short of SMCI as it gets near 402.07 with a downside target of 333.34. We should have a stop loss in place at 403.23though. 402.07 is the first level of resistance above 342.5, and by rule, any test of resistance is a short signal. In this case, if resistance 402.07 is being tested, a short signal would exist.

Swing Trading Plans for SMCI

• Buy SMCI slightly over 402.07, target n/a, Stop Loss @ 400.91 Details

If 402.07 begins to break higher, the technical summary data tells us to buy SMCI just slightly over 402.07, with an upside target of n/a. The data also tells us to set a stop loss @ 400.91 in case the stock turns against the trade. 402.07 is the first level of resistance above 342.5, and by rule, any break above resistance is a buy signal. In this case, 402.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SMCI slightly near 402.07, target 339.4, Stop Loss @ 403.23. Details

The technical summary data is suggesting a short of SMCI if it tests 402.07 with a downside target of 339.4. We should have a stop loss in place at 403.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 402.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SMCI

• Buy SMCI slightly over 357.81, target 402.07, Stop Loss @ 356.98 Details

If 357.81 begins to break higher, the technical summary data tells us to buy SMCI just slightly over 357.81, with an upside target of 402.07. The data also tells us to set a stop loss @ 356.98 in case the stock turns against the trade. 357.81 is the first level of resistance above 342.5, and by rule, any break above resistance is a buy signal. In this case, 357.81, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SMCI slightly near 357.81, target 342.37, Stop Loss @ 358.64. Details

The technical summary data is suggesting a short of SMCI if it tests 357.81 with a downside target of 342.37. We should have a stop loss in place at 358.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 357.81, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Super Micro Computer Inc. (SMCI) available here: SMCI.

SMCI Ratings for January 11:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	274.01
P2	342.37	307.11	333.34
P3	357.81	339.4	402.07

AI Generated Signals for SMCI

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Technically, Super Micro Computer Inc. (NASDAQ: SMCI) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SMCI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SMCI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SMCI too.  All of these are offered below the Summary Table.