SMCI - Long

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SMCI - LongSuper Micro Computer, Inc.NASDAQ:SMCIWarner_BearSMCI is looking good on the daily. This next week will be a telling sign of where it wants to go. Reasoning for going long here: EMA’s curling up on larger time frame, B-Xtrender is showing momentum and curling up. This one is lagging behind the market, so I feel like this one could be a waiting game or the time has come. Concerns: Weekly Chart looks like its not ready, but the histogram looks like bears are fading. Target: $66.40 (targeting the high that didn’t get tested), this will push us back into the low that happened on 19 April. Bullish indicator would be an impulse leg through there. If it wicks the high, I'm taking profit and looking for an entry on liquidity (FVG’s, etc.).