Technical Writeups of Super SMID Granny-shot picks

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SUPER SMID GRANNY-SHOT stocks

Super Micro Computer ($SMCI- $972.74)

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  • The first stock that deserves mention is Super Micro Computer. This remains on the list despite its minor consolidation over the last couple of weeks. It should be noted that after gains from January, where it really started the year in the high 200s, it has moved from levels right near 275 up to over $1,200 in a period of about 2 months time.
  • It maintains significant momentum on an intermediate term basis, and we have not seen any evidence of that ending despite short-term consolidation and intermediate-term momentum remains bullish
  • Near term technical resistance lies right near prior 3/11/24 lows, which is 1025.
  • Any ability to get over that level should bring about a push back to new all-time highs, which has initial resistance right near 1229, and then gains above that level likely would lead up to levels right near 1,300 to 1335.
  • Unless we see SMCI get down under 855, I expect to see a push back to new all-time highs happen between now and potentially the middle part of April.

Deckers Outdoor Corp ($DECK - $922.44)

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Deckers Outdoors also is a carryover from last month des...
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