Super Micro Computer, Inc.
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ðŸŸĶ William O'Neil Rule – WALL OF BLUE

**Publishing again because it got taken down by Mods**

While this has pulled back recently - it reminds me of a lesson from the great trader William O'Neil and his lesson for the "WALL OF BLUE" ðŸŸĶ

Not many know this rule, so hope you like it!

Wall of blue rule states that when you have 4+ weeks of blue volume bars (blue volume bars = volume when the week close up, hence up weeks), then this is a buy signal of itself.

In the case of SMCI we also have above average volume - which is additional strength and confirmation.
This is a signal that the stock is under heavy accumulation from institutions and hence why it made +83% advancement.

Now it is pulling back and it is extended from any base - so I would not touch it here, but it is a good example to illustrate the rule
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