SUPER MICRO SEMI #SMCI Can bounce hard to $60

622
This stock has been hit hard on prior forecast cuts and underwhelming results.

So after a big derating, a "less bad than feared" can be a classic bullish catalyst.

So after sentiment washed out but secular #AI demand still intact, can encourage dip buying and short covering in this name.

We also have the #ASML rumour of IP leaking and SMCI speeding up their own fabrication technology.
Note
#smci
undergoing accumulation and change of character I believe.
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Trade active
#smci
Had to double bottom first with major FUD
but loos like it has strength to meet these head & shoulder projections.

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