SMCI - Not a hold, possibly buying opportunities with structure

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SMCI is in a clear downtrend and extremely forceful one, even with this small recovery I would not consider a long till $600+

Potential bearish scenario with recovery could also have the price much lower so please give this stock time with the market.

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ملاحظة

Also wait for local cups to be built and cups to be completed before even entertaining a long.

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ملاحظة

Breaching +$600 would form a very bullish recovery cup, but this means a no buy zone until then, likewise if we went lower I would wait till structure is developed.