Supermicro Stock Whipsaws After Saying It’ll Meet Filing Deadline—Watch These Price Levels | Global News Avenue

Supercomputer (SMCI) Troubled server maker says stocks that want to submit their stock exploded 8% in an extended deal on Tuesday Postponed 2024 financial report Before the Nasdaq February 25 deadline to avoid being shedded.

This development obscured the company’s preliminary preliminary results in the second quarter. It also masks investors’ confidence in stocks, temporarily worried that server manufacturers may be in large amounts of accounting and large amounts of accounting and Corporate Governance Problems were discovered in the second half of last year.

It was a crazy journey for super stocks, losing nearly 10% in regular trading Tuesday and starting trading in red after get off work whip. The company’s shares fell about 6% last month, but Soared by more than 35% in February As of Tuesday, this update is expected. However, the stock has lost nearly half of its value in the past year.

Next, we break down technology On Supermicro’s charts and identify important price levels that investors may be watching.

Descent expands wedge breakthrough

Supermicro stock breaks out on top trend line of decline Expand formation Last Friday, it is also possible Reverse head and shoulders Bottom mode in the process.

Importantly, stock registration is the highest volume The latest trading session since early December shows that it is targeting larger market participants before the update this afternoon.

and Relative Strength Index (RSI) The indicator fell less in regular trading today, and the bullish price momentum remains confirmed Overbought Critical point.

Let’s apply Technical Analysis Identify important elevated areas that stocks may encounter Resist Also point out the key Support level Callback worth seeing.

Important elevated areas

Track the first overhead area psychology $50. This area on the chart can provide resistance near the reverse head and shoulders Neckwhich is also tilted downwardly 200-day moving average.

decisive breakthrough Prices above this will confirm the model, which may push the shift to around $70. Investors may want to unload stocks near the low-key and late-stage trough in February 2024.

Subsequent purchases could bring the stock rally to $96, and the region could provide resistance near the trend line to connect a range of peak On the chart between February and July last year.

Key support levels to watch

period answerinvestors should keep the $26 label. Supermicro Bulls can seek buying opportunities in the area where the right shoulder is low on the reverse head and shoulder.

Finally, more important disadvantages reverse In stocks, stocks may revisit lower support for around $18. Investors trying to time market lowest points may seek Entrance point Near the lows in November last year, this also doubled the head and shoulders of the head and shoulders.

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