Watch These Supermicro Price Levels as Stock Continues to Soar | Global News Avenue

Supercomputer (SMCI) Stocks will remain on the watch list after soaring more than 16% on Tuesday and extend an impressive rally for server manufacturers Last week’s optimistic business update.

Stocks traded for the fourth consecutive time Tuesday after investors directed substantial revenue growth in fiscal 2026 during Tuesday’s update. Demand for artificial intelligence (AI) infrastructure grows.

The company said in the same update that purchasing enthusiasm was also supported Nasdaq February 25 deadline avoids Insanity From the exchange.

SuperMicro shares have soared 45% since last week’s update, but have remained 30% in the past twelve months. Accounting and corporate governance issues. The stock rose 16.5% and closed at $55.80 on Tuesday.

Below, we carefully study the charts of super charts and apply them Technical Analysis Point out key price levels worth paying attention to.

Wedge breakout signal continues to move

Supermicro share from one Dropped wedge Mode Earlier this month, signal continue Move higher. Indeed, the stock is at a higher-than-average follow-up purchase volumewith the acceleration of returns in recent trading courses.

and Relative Strength Index (RSI) Confirm bullish momentum, readings exceed 70 thresholds, also warning Overbought Conditions may lead to short-term profits.

Let’s identify two crucial elevated areas to see what super stocks may experience sales pressure and identify where they are critical. Support level Watch during the potential counter-retraction.

Key elevated areas

Further purchases may make the stock initially tested psychology $70 level. Investors may want to book profits in the region near the trend line in the region, which is linked to last February Pull back April’s low. This position is also roughly aligned with the continuous bar pattern Price target That’s stock upgrade From mid-November to early December and reposition from the lower trend line of the falling wedge pattern.

Decisive close distances above this level may bring stock rally to around $96, and prices may face Resist A series peak This was formed on the chart between February and July last year.

Key support level to the eyes

During a potential echo of Supermicro prices, investors should initially look at the $50 level. Stocks are likely to attract support at this location near early August Swing lowthe range above merge October and famous early December peaks.

Finally, a larger decline could cause the stock to fall to around $38. Investors may look for Entrance point At this level, the trendline connects the September lows to a series of similar prices on the chart to this month.

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