One Gap Deserves Another
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Weeks ago, when Super Micro (SMCI) was in a free-fall, I did a bullish post about it, noting that it was approaching a major price gap. Let’s just say that turned out to be an amazing idea.
Now it’s time for just the opposite idea, but still based on a gap. I have bought into a small bearish position on this sucker now, using the higher gap as resistance.
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