Super Micro Computer Inc. (SMCI) has been ranging for exactly the past 4 months (since the November 17 2025 candle), when it broke below its 1W MA200 (orange trend-line).
This consolidation is no technical accident as it is taking place on Support 1 (27.50), the April 07 2025 Low and could be an indication of a medium-term bottom. To confirm that however, it needs to break above its 1W MA200 again but on the bullish side, it is already trading above the 1W RSI MA (similar to December 2024 - January 2025) and just completed a 1W MACD Bullish Cross (similar to December 09 2024).
As a result, as long as Support 1 holds, it is likely to see a rally towards the 0.786 Fibonacci retracement level (similar to the previous Lower High) at $52.00.
A weekly closing however below Support 1, eyes Support 2 at $17.25.
The price is currently close enough to Support 1 to allow solid Risk/ Reward and SL placements on this strategy.
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This consolidation is no technical accident as it is taking place on Support 1 (27.50), the April 07 2025 Low and could be an indication of a medium-term bottom. To confirm that however, it needs to break above its 1W MA200 again but on the bullish side, it is already trading above the 1W RSI MA (similar to December 2024 - January 2025) and just completed a 1W MACD Bullish Cross (similar to December 09 2024).
As a result, as long as Support 1 holds, it is likely to see a rally towards the 0.786 Fibonacci retracement level (similar to the previous Lower High) at $52.00.
A weekly closing however below Support 1, eyes Support 2 at $17.25.
The price is currently close enough to Support 1 to allow solid Risk/ Reward and SL placements on this strategy.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.