SMCI: When a chart says it’s time to reconnect with the AI hype

25 giu

On the daily chart, Super Micro Computer Inc. (SMCI) is showing a clean bullish setup. Price broke out of a descending trendline (green dashed), confirmed it with a retest, and is now consolidating above the breakout zone. The golden cross — where the MA50 crossed above the MA200 — confirms a long-term trend reversal.

Volume profile indicates strong accumulation near $41–43. The 0.5 Fibonacci level at $41.84 acted as support. Above the current range, there’s low volume resistance up to $63.57 (0.786), followed by $66.44 and a final extension target at $79.82 (1.272).

Fundamentals: SMCI is a leading server hardware manufacturer. Demand for their systems has soared with the explosion of AI infrastructure. The company maintains solid financials, with rising quarterly revenue and growing presence in the cloud sector. Institutional investors have been actively increasing their positions since late 2023 — a sign of strong long-term conviction.

Tactical plan:
— Entry: market $42–43
— Target 1: $55.91
— Target 2: $63.57

When technicals scream textbook breakout and fundamentals bring AI momentum to the table — it might just be one of the best late entries in the AI wave this summer.

16 lug

Trade attivo

#SMCI +27% - trade in progress - targets 55.91 and 63.57 respectively - if desired, you can fix part of the position ✔️

29 lug

Trade chiuso: obiettivo raggiunto

#SMCI +43% - first target reached 55.91, next target - 63.57 respectively - if desired, you can lock in part of the position ✔️