Watch These Supermicro Price Levels as Stock Soars | Global News Avenue

Super Computer (SMCI) Stocks could remain on the investor’s radar screen for the second consecutive day as the embattled server manufacturer announced that it will increasingly increase its latest production availability. Artificial Intelligence (AI) Data center server solution.

The news was announced on Monday that the company would Provides second quarter business updates Next Tuesday. Investors are eager to hear whether the company is expected to follow the February 25 deadline Nasdaq Submit several delayed regulatory files to meet exchange listing requirements.

Supermicro shares have recovered nearly 40% over the past three months, but still lost half of their value over the past year. Last year’s concerns about the company’s accounting practices and Corporate governance After the seller’s short Hindenburg Research accuses company of accounting manipulation.

The stock rose 8% on Wednesday after a gain of 8.6% on the previous day to close at $31.49.

Below, we carefully studied the chart of the super chart and used it Technical Analysis Identify key price levels worth paying attention to.

Descending wide wedge breakout watch

Super stocks oscillate in the decline Wide wedge Since mid-July last year, prices have marked the up and down trend lines of the pattern since then.

Recently, the stock has been traded to the top of the formation, increasing the possibility breakthrough attempt.

Wednesday’s jump was the highest in another Bulls win volume Since early December, it has shown that the purchase convictions of large market participants, e.g. Institutional investor. It is also worth pointing out that Relative Strength Index (RSI) Climbing up to 50 thresholds confirms the momentum to increase prices.

Let’s identify three crucial elevated areas Resist and find the important ones Support level Monitor whether prices are falling.

Key elevated areas

Eye’s first elevated area is about $34.50. Find a stock confluence Resistance and popular in the area near the upper trend line of the descending broadening formation 50-day moving average.

Purchasing above this level can drive transfers to psychology $50 area. Investors may look for export points in the region in early August grooveclosely consistent with the narrow upper layer merge The chart is on the range for most of October.

accelerate upgrade It could bring the stock rally to around $70. This position on the chart may provide resistance near the trend line connecting the trends last February and April.

Important support levels to monitor

Investors should initially monitor the $26 level after the stock price is down, and the stock can encounter support areas near last month Swing low.

Finally, the decisive closure below this level opens the door for a larger drop to around $18. Deployment of Bargain Hunter Buy Strategy can be viewed accumulation Stocks near the famous trough in November 2024.

Regarding the comments expressed in InvestOpeDia, viewpoints and analysis are only used for information purposes. Reading us Warranty and responsibility exemption statement More information.

As of the writing of this article, the author does not have any of the above securities.