SMCI saw a nasty down move today with the market.
Semiconductors led the downside move today.
It seems massive amount of capital rotated out of the market today.
This low float volume stock can unwind in a sharp way if this support is breached.
Remember dip buyers will likely start to accumulate as semis are coming from All time high bull market.
Everyone is watching the potential head & shoulder pattern that could trigger with more weakness.
Semiconductors led the downside move today.
It seems massive amount of capital rotated out of the market today.
This low float volume stock can unwind in a sharp way if this support is breached.
Remember dip buyers will likely start to accumulate as semis are coming from All time high bull market.
Everyone is watching the potential head & shoulder pattern that could trigger with more weakness.