SMCI: Chart Analysis, Key Fundamentals, and Why It Could Be the Chart Analysis
On the daily chart, SMCI (Super Micro Computer, Inc.) has been trading within a broad descending channel (shaded in blue). Recent price action shows a breakout from a tighter, shorter-term channel (shaded in red), suggesting the potential for a trend reversal. Key levels to watch:
Support around 35.99: This level has acted as a floor in recent sessions. A pullback to this zone could provide a secondary entry for those who missed the initial move.
Intermediate Support around 39.45: After the breakout, this level may serve as a short-term pivot if price consolidates.
Upside Resistance near 44.99: This is a pivotal zone. A clear break above could trigger momentum buying and open the way for further upside.
ATR (the red line appears to be a longer-term moving average) are starting to flatten, which often precedes a potential bullish crossover if price can remain above these key levels. On the momentum front (the green and orange RSI oscillators at the bottom), a bullish crossover has formed, supporting a near-term upside bias.
Thought Process:
Sure! Here's a first-person take on it:
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I honestly can't believe how undervalued **Super Micro Computer (SMCI)** is right now. This company is an absolute beast in its field—no layoffs, ever. While other tech companies are constantly "restructuring" and cutting staff, SMCI has been scaling up, increasing production, and solidifying its dominance. They’re not just good at what they do; they’re the **best** at it.
And let’s talk partnerships—**NVIDIA (NVDA) and Tesla (TSLA)** are working with SMCI, which tells you everything you need to know about their credibility and future potential. They just **broke through a major resistance level**, which is a strong technical signal that big moves are coming.
So why did the stock take a hit? A **CFO-related issue**—which, let’s be real, is minor in the grand scheme of things. Fundamentals haven’t changed. Demand for their high-performance computing solutions is only going up, and their execution has been nothing short of stellar. **The outlook is ridiculously strong.**
Right now, SMCI isn’t just undervalued—it’s a rare opportunity.
News / Reports
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If you want to take a close look at some current news and reports, feel free to read these articles!
Disclaimer: This is my personal trading perspective and not formal investment advice. Always do your own research, double check my findings, and manage your risk accordingly.
