Super Micro Computer stock price will likely retrace and consolidate, and its 50-day moving average will catch up to the stock price within the next couple of weeks (from February 2024).
"more likely it's going to retrace it's going to consolidate and then the 50 moving average is going to catch up with the stock in the next couple of weeks likely that's going to happen"
The author planned to buy a small starting position of Super Micro Computer shares at around $800 when the market opened on Tuesday, February 20, 2024.
"When the Market opens on Tuesday... I may buy a bit of shares not too much just a starting position uh at at this level right because I'm really buying it at a 20% discount"