Riding the AI Wave

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Super Micro Computer is building strong bullish momentum, with a gap forming at the $45.00 level. A break through the $67.10 resistance level would confirm further upward movement, pushing the stock toward the daily resistance at $101.40, and eventually the weekly resistance at $122.45. With a favorable 6.21 risk-to-reward ratio, this trade offers a compelling opportunity to capture significant upside while maintaining a stop-loss at $35.70 to manage risk.

As the demand for high-performance computing, AI, and cloud infrastructure continues to grow, SMCI’s leadership in these sectors strengthens its bullish case. The company’s consistent innovation in server and data center solutions positions it well to capture future growth, supporting its trajectory toward the $122.45 target.


SMCI
https://www.tradingview.com/x/DKAdN3fV/
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The plan for SMCI remains unchanged. The stock continues to follow our expected path, with bullish momentum intact. Our target remains $122.45, and the stop-loss is still positioned at $35.70 to manage downside risk. SMCI has maintained its strong performance, aligned with its growth in cloud infrastructure and AI solutions.

Keep an eye on key resistance levels, with a breakout above the January gap potentially accelerating upward movement. As we approach the earnings report on November 6th, SMCI remains well-positioned, with the technical and fundamental case supporting the bullish outlook.

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