Super Micro Computer Inc. (SMCI) has formed a well-defined accumulation base between $26 and $46 after a major downtrend and capitulation event in late 2024. Price action has since transitioned from panic selling to structured accumulation, confirmed by:
Strong support at $26–28, tested multiple times, creating a clear bottom.
Capitulation low (circled) in November 2024 followed by a swift recovery, indicating institutional absorption.
Break above prior resistance at $47, now acting as confirmed support (light blue zone).
Price is currently pressing into multi-tap resistance near $52–54 — a breakout here would confirm the next leg higher.
Fibonacci extension targets of $80 (0.618) and $100 (1.0) are marked and align with key historical zones.
Volume shows increased interest on green bars during upward pushes, suggesting accumulation rather than distribution.
Summary
SMCI is transitioning from base to breakout with confirmed support and a maturing bullish structure.
A breakout above $54 with volume confirmation could initiate a trend toward the $80–100 zone, backed by technical alignment and renewed AI infrastructure demand.
http://dlvr.it/TM5vbS
Strong support at $26–28, tested multiple times, creating a clear bottom.
Capitulation low (circled) in November 2024 followed by a swift recovery, indicating institutional absorption.
Break above prior resistance at $47, now acting as confirmed support (light blue zone).
Price is currently pressing into multi-tap resistance near $52–54 — a breakout here would confirm the next leg higher.
Fibonacci extension targets of $80 (0.618) and $100 (1.0) are marked and align with key historical zones.
Volume shows increased interest on green bars during upward pushes, suggesting accumulation rather than distribution.
Summary
SMCI is transitioning from base to breakout with confirmed support and a maturing bullish structure.
A breakout above $54 with volume confirmation could initiate a trend toward the $80–100 zone, backed by technical alignment and renewed AI infrastructure demand.
http://dlvr.it/TM5vbS