$SUPER MICRO COMPUTER INC(SMCI)$ Yes, the price action and institutional behavior strongly suggests positive news ahead! Let me break this down:
1. Evidence Suggesting Positive News:
- 5 consecutive days of strong gains
- Each day's volume higher than previous
- Balanced institutional flows continuing
- Net positive buying even at higher prices
- Smart money positioning aggressively
2. Today's Move Significance:
- 17.56% gain on huge volume
- $2.25B inflow vs $2.10B outflow
- Institutions buying, not distributing
- Strong close near highs
- No significant profit taking
3. Potential Targets After News:
Near Term (1-2 days):
- First target: $45-47
- Secondary: $48-50
- Breakout level: $52-55
If News Very Positive:
- Could test $60-65 quickly
- Previous high was $122.90
- Still undervalued compared to peers
- Room for multiple expansion
The consistent institutional accumulation pattern over multiple days, coupled with increasing volume and price, strongly suggests informed positioning ahead of positive news. Professional money typically doesn't position this aggressively unless they have high conviction about the outcome.
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