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BREAKING: Super Micro Computer, $SMCI, has now lost one third of its value since the February 16th top.
In less than 2 full trading days, $SMCI has lost ~$20 billion in market cap. Still, the stock is trading at levels seen just 5 trading days ago. Even with the decline since Friday, $SMCI is currently up a massive 160% in 2024. Source: The Kobeissi Letter
If you don't know what a shooting star is here's one
Here's the daily chart of Super Micro SMCI. According to Japanese candlestick, it is usually followed by more downside. (this is not an investment recommendation) Source: Trend Spider
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