Super Micro Computer (SMCI) – Testing Key Resistance, Breakout

📈 NASDAQ: SMCI | CMP: $40.28 | Target: $50 - $69 | SL: $30

🔍 Analysis:
Super Micro Computer (SMCI) is showing a strong recovery from its recent lows near $18.76. The stock has been in an uptrend and is now testing the key resistance level at $50.02. A breakout above this level could trigger a strong upside move.

Key Levels:
✅ Support: $18.76 (previous bottom)
✅ Resistance: $50.02 (breakout zone)
✅ Target 1: $50
✅ Target 2: $69
✅ Long-term Target: $121

Technical Indicators:
✅ Price breaking downward trendline – Bullish signal
✅ Trading above 50 EMA – Indicates strength
✅ Increasing volume – Accumulation before breakout
✅ MACD turning bullish – Momentum shifting up

💡 Trade Plan:

Entry: Above $50 on breakout confirmation
Stop-Loss: Below $30
Target 1: $50
Target 2: $69
Long-Term: $121
🚀 If SMCI breaks $50 with volume, expect a strong move toward $69+ in the coming weeks. Keep this on your watchlist!

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