SMCI daily and weekly charts show relative strength.NASDAQ:SMCI held up wonderfully on the NASDAQ:QQQ sell-off on Thursday, demonstrating relative strength on the daily chart. Long from $888, which was the intraday VWAP on Thursday, the middle of the four-hour 100 linear regression channel, as well as the weekly 20 SMA.
Next week, there is room to recently weekly highs of $1000, followed by the weekly upper Bollinger Band at $1090 on continuation. NASDAQ:NDX and NASDAQ:NDXE inclusion on 7/22/2024 should provide a bullish catalyst this week, and Super Micro Computer may also be a candidate for a stock split like NASDAQ:NVDA NASDAQ:AVGO and NASDAQ:MSTR