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SMCI’s Big Breakout

By Andrew Aziz  |  
Andrew's Newsletter  |  
Nov 25, 2024

Dear Traders,

This morning, Super Micro Computer delivered some amazing trading setups. I was able to catch a nice breakout trade on it, riding the momentum for solid gains. SMCI was up over 10% pre-market, and it quickly became the focus for many of us in the chatroom. It’s always exciting when a stock like this sets up perfectly, and today was no exception.

So, what’s going on with SMCI? The stock was gapping up after some positive news that really boosted market confidence. The company announced it had appointed a new independent auditor and submitted a compliance plan to Nasdaq, addressing concerns about its previous accounting issues.

This was exactly the kind of news that brings volume and creates opportunities for traders like us. With the market responding positively, SMCI was primed for breakout trades right from the open. You can see the trade Lenny took below:

Lenny’s breakout trade on SMCI this morning.

When I saw SMCI building momentum with strong buying volume, I knew it was setting up for a breakout. I went long, playing the move as the stock broke key resistance levels. It was a textbook trade, and it paid off nicely.

I wasn’t the only one who spotted the opportunity—Paras and Lenny were also on it, calling the trade live in the chatroom. Watching everyone come together and capitalize on the setup was a great example of what makes our community so special.

SMCI reminded us today that with the right preparation and teamwork, the market always has opportunities waiting.

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As we wrap up this week, it’s time to prepare for what’s shaping up to be an exciting week ahead. With several key economic events on the horizon, including the Federal Reserve’s policy update, job market reports, and other major indicators, the market is likely to see plenty of volatility and opportunities.

These events often bring significant moves across sectors, so it’s crucial to stay prepared and flexible. We’ll be breaking down the developments in real time during our chatroom sessions and mentorship events to help you navigate and capitalize on the action.

Here’s to another week of learning, trading, and growing together. I look forward to seeing you all in the chatroom as we tackle what the markets bring.


To your success,
Andrew