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Stocktwits Chart Art: August 28, 2024
The best charts and trade ideas from the day.
Tom Bruni
August 28, 2024
STOCKTWITS CHART ART: AUGUST 28, 2024
The Stocktwits Summary 📝
It was Nvidia Day on Stocktwits, so ideas outside that realm were scarce. Luckily, we dug some up for you as investors and traders assess the company’s earnings results and Super Micro Computer accounting fallout. 🫨
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.58%) | Bearish (39) | Normal (51) |
$QQQ (-1.13%) | Neutral (48) | Normal (53) |
$IWM (-0.68%) | Bearish (43) | Normal (48) |
$DIA (-0.38%) | Neutral (48) | Normal (53) |
*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.
And here were Stocktwits’ top Trending symbols:
CHART OF THE DAY
Super Micro Slices Through Support 😱
A day after Hindenburg Research raised concerns about Super Micro Computer’s accounting practices, the company delayed the filing of its annual report, sending the stock into a tailspin.
Stocktwits user @Professor outlined the stock’s break below its recent lows and next potential support levels, warning traders against bottom-fishing the growth stock whose momentum has clearly turned. ⚠️
Bank Of America Bear Flag Suggests More Downside 🐻
Biosciences Stock Flirts With Major Level 😬
