SMCI is setting up for a strong upside move with multiple bullish signals:
EMA 200 breakout at $42
Ichimoku Cloud breakout at $45
Symmetrical triangle pattern forming — potential breakout above $55
A confirmed breakout above $55 on volume could trigger a rally toward the $90 zone, aligning with the triangle’s measured move. Price is currently holding above both the EMA200 and the cloud, reinforcing trend strength.
Trade Setup:
Entry: $46.15 (current)
Confirmation: Breakout above $55
Stop Loss: Below $42
Target: $90
Bias: Bullish continuation
Watching for volume expansion and weekly close above the upper trendline for full confirmation.
#SMCI #Breakout #EMA200 #IchimokuCloud #SymmetricalTriangle #SwingTrade #AIStock
EMA 200 breakout at $42
Ichimoku Cloud breakout at $45
Symmetrical triangle pattern forming — potential breakout above $55
A confirmed breakout above $55 on volume could trigger a rally toward the $90 zone, aligning with the triangle’s measured move. Price is currently holding above both the EMA200 and the cloud, reinforcing trend strength.
Trade Setup:
Entry: $46.15 (current)
Confirmation: Breakout above $55
Stop Loss: Below $42
Target: $90
Bias: Bullish continuation
Watching for volume expansion and weekly close above the upper trendline for full confirmation.
#SMCI #Breakout #EMA200 #IchimokuCloud #SymmetricalTriangle #SwingTrade #AIStock
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.