SMCI Pulling Back After Earnings Surge! Is a Bounce Coming?

Technical Analysis for February 27, 2025:
1. Current Price Action:
* SMCI spiked following earnings but has since retraced, now trading near $48.20.
* The stock is testing key support at $48.50, a crucial level for a potential bounce.
* POC (Point of Control) at $51.08 is the major level that bulls need to reclaim.

2. Key Levels to Watch:
* Support: $48.50 (Current level), $45.50, $41.64 (Major downside risk).
* Resistance: $51.08 (POC), $58.28 (Breakout zone).
* Upside Targets: $57, $60, $66.42.

3. Indicators Analysis:
* MACD: Bearish momentum, showing weakness.
* Stoch RSI: Extremely oversold, signaling a potential short-term bounce.
* Volume Profile: Heavy liquidity between $48.50 and $51, meaning strong accumulation.

GEX & Option Strategy for Tomorrow and the Week:

1. Gamma Exposure (GEX) Insights:
* Call Walls: $57, $60 → Resistance areas.
* Put Walls: $39, $35 → Major support.

2. IV & Sentiment:
* IVR: 41.1 (Moderate)
* IVx Avg: 136 (High IV, potential for premium selling).
* Call Positioning: 99.8% bullish sentiment.
* GEX Sentiment: Bullish if $51 is reclaimed.

3. Trading Suggestions:
* Bullish Setup: If SMCI reclaims $51, consider long positions targeting $57-$60, with a stop at $48.
* Bearish Setup: If SMCI breaks below $48, short setups targeting $45-$42, stop at $50.
* Options Play: Selling put spreads at $45 support or call spreads near $60 resistance.

📌 My Thoughts & Suggestion:
* SMCI remains highly volatile due to earnings—watch for a reclaim of $51 for a bullish continuation.
* If $48 fails, expect a test of $45-$42.
* High IV makes option selling attractive, especially for short-term plays.

⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. 🚀