$Super Micro Computer (SMCI.US)$ 665 only support then 442.....

Herodian : How do you work out 665 & 442 as support level?

10baggerbammOP : 442 is literally drawing a line from where the immediate rally started and a 50% retracement back down to that level there is no moving average at that line nothing it is just taking out the near-term bubble where the resistance was before that it broke out too. the lower Bollinger bands the lower moving average it's at $69 that's where oversold would be $69. that's why I said you don't want to know where the lower support is because it is an absolute complete Wipeout I don't believe it's going to get there it better not get there because it would create a Cascade of events that would take Microsoft down into the $250 range if that probably lower we would see a sell-off that would be worse than what happened in 23 or 22.. you have to understand that today is a bloodbath again you're going to see massive margin calls that weren't taken care of on Friday that are being triggered today and you're going to see people dumping and selling across the board

10baggerbammOP : here is 665

Herodian 10baggerbammOP: Wow thanks. That's quite insightful

10baggerbammOP Herodian: it's painful is what it is because everybody that uses any basic technical analysis sees it and they go short when they see this and they stay short. fortunately short interest right now is at a 3-year high within a week it jumped to a three or high across the board so at some point these shorts will have to cover unless they're naked shorts which is a whole different story