Super Micro Computer is currently exhibiting a Squeeze Score of 97.5 and a Long-Term Squeeze Score of 95.8.
Here's what the chart looks like:
The last time SMCI was this tight, it led to a 300% move higher. Now, volatility on the Strazza Indicator is just as compressed, and price is sitting at a similar level.
The key difference is context. The previous instance occurred within a primary uptrend. Today, the path of least resistance points lower after a series of lower highs.
This time, the next major move may be down this time.
