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SMCI Continues to Selloff from Financial Fraud Accusations
SMCI continues to nosedive as investors have lost trust in their accounting practices and financial reporting. SMCI has lost support at the light blue trendlines, and this support has flipped into an area of resistance. Despite beating earnings SMCI continues to selloff and nosedive lower. I have the yellow trendline as a key support level […]Read More
META Flips All Time High Resistance Into Support
META has formed a bullish breakout above the yellow trendline, which has been resistance at all time highs. Currently META is flipping this yellow trendline into support around $562.21. I would monitor to see if META continues to hold here. I feel like there could be some short term upside, but I’m leaning towards a […]Read More
BITU Hits $34.62 Resistance
BITU is a 2x leveraged ETF that tracks Bitcoin’s price action. I would keep an eye on Bitcoin’s chart and make trading decisions based on the Bitcoin chart. On the BITU chart there is a rising yellow channel forming and BITU is trading near the upper range of this channel. BTC has experienced a strong […]Read More