We recently posted saying AI stocks may spike again and set up significant highs.
There are still ways to make cases for these higher but at time of writing things are starting to look really sketchy for AI stocks. Here’s a series of swing short setups that might be in play.
Note: All of these would be tight stop trades. If they’re wrong - it could be bad.
SMCI
SMCI made the first rejection and then made a follow through break of 800.
A correction inside of a bullish move was totally fair game at 800. Very strong chance of continued uptrend or at least some bull trap. Clean break was made. Which is quite unusual and may open the door to the full correction shown above.
NVDA
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