$SUPER MICRO COMPUTER INC(SMCI)$ Buying above this level could propel a move to the psychological $50 area. Investors may look for exit points in this region near the early August trough, which closely aligns with the upper level of narrow consolidation range on the chart throughout most of October.
An accelerating uptrend may see the shares rally to around $70. This location on the chart may provide resistance near a trendline that connects last year’s February and April troughs
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