🔍 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.
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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