$SMCI $460M in Prints Before Earnings — Level Map Inside + $USO on the move!

Good morning, traders. It's Wednesday, July 22nd at 4:19 AM. All right, 2 stocks for you today. We've got USO, oil's on the move, and then SMCI, so Supermicro. I guess some pre-earning news about $60 billion in orders, I guess that moves the stock nowadays. All right, let's go ahead. Largest trades in the last month on USO. You can see we've got this consolidation of prints here starting June 23rd. And then we bottomed out here at my 200 simple moving average. But you can see all these 725K, 1.5 million, things like that. And we moved up, back tagged the print, broke above. Excellent day for a swing trade. And now we're— looks like we're off to the races. We'll have to see what's happening, uh, if this continues to the upside. This might be a decent swing trade to get in for longer term, or we can retrace back to these print areas. All right, let's map this out on the intraday. We're going to be bullish above $133.50. Let's get up here, and then that'll get us to $134, $134.28, $135, $136.18 is our 5, $137, $137.50, and then $138.25, $140. The ATR on this is about $4. We're at that at the moment, so we're just taking small bits of profit here because the ATR— and then if it really decides to run where you get the 4 and the 8 Exponential moving average running together, then no reason to get out of the trade there. We're going to be bearish below 132.25. Let's have this R3 as resistance target: 132, 131.50, 131, 130.77 is a cam. So we have this nice pocket down here. Then we've got 130.48, 129.90, 129.67. Is R1. All right, let's move on and look at SMCI. All right, SMCI. Look at this nice juicy candle here. I guess there was some news. And let's look at the largest prints the last 30 days. You can see here at the top two, three, six, seven, about eight million shares here from 31 to 33. This pulled down and then we started getting a consolidation here. You can see this prints different days holding, then pulling. Back. This is interesting here, increasing volume, breaking above these prints from a few days before. That's an interesting one. And then boom, yesterday— well, this morning, this is pre-market— we're, um, we're up. No, that's yesterday, July 22nd. Yep, we're moving up. And then we've got the 100 simple moving average up to these prints, or we can retrace back. So let's go ahead and map this out. On the left-hand side, we're going to be bullish above 2950. So we've pulled back. So this is the morning 2950. We want to get up to this 30 level. 20, so 2996. Then we've got 31. 3168 is 2.4 million. 3245 is 1.1 million. 3332 and 3388. These were all of those prints that I pointed out up here at the top. And then 35. So this one has an ATR of $1.79. We're already at least double that, 2.25 times that. On the downside, we're going to be bearish below 2862. Let's get below this print right here because this is support. We want this print to be resistance. 2806, 2765 is a print here, then 2754 is our 3. 2677 and 2633 is R2. So I stopped here. This is a, this is a little tight anyway. We've got these prints here, my 200 exponential, 200 simple. Then we've got these prints here, and yeah, this is all, this is all support. So this would be a fair value gap all the way down to about here, which can, which can happen. Tagging this, we'll just be very careful in that area. All right, there you have it. Those are your two trade setups for today. So please like, share, subscribe, leave some comments in the comment section below, and we'll see you tomorrow with all new trade setups. Take care. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.