Critique this trade? $SMCI

Discussion in 'Stocks' started by KGTrader4, Aug 18, 2022.

  1. KGTrader4

    KGTrader4

    i don’t know, I like the RSI as an overbought oversold indicator.

    I used to think once I was out of a position, move on. But I’ve changed my thinking on that. Yeah, I’m being a little bit of a wise guy getting out hoping to buy back a few points lower. But why not. These stocks don’t go straight up without pullbacks that let buyers have another chance to support the stock (duh).
     
    #11     Aug 18, 2022
  2. tomkat22

    tomkat22

    This current trend for SMCI is looking a bit long in the tooth for my liking. You probably did the right thing taking profit(probably). In fact it could be a good short opportunity in the next few days. BTW it doesn't quite meet the definition of "parabolic". Now HKD, that was parabolic.Sheesh.
     
    #12     Aug 18, 2022
    KGTrader4 likes this.