SMCI is showing a classic Falling Wedge. Don't miss the move.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
SMCI is showing interesting structural developments at $23.22. With a last close of $23.22, volatility remains active (3.15%). Algorithmically, a Double Bottom structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $33.86, targeting $48.24 with support near $26.67 (R:R 2.0).
What is your outlook on SMCI?