Super Micro Computer (SMCI) shares are likely to remain in the spotlight after 澳洲幸运5官方开奖结果体彩网:surging 11% Tuesday as investors sought buying opportunities in leading 澳洲幸运5官方开奖结果体彩网:AI stocks after a dramatic sell-off to start the week.

Sentiment in the stock also received a boost following a 澳洲幸运5官方开奖结果体彩网:price target hike from analyst Kevin Cassidy at Rosenblatt Securities, who pointed out, according to Barron’s, that the company’s AI revenue comprised nearly 70% of total sales and continued to accelerate.

Tuesday’s gains add to a recent run of 澳洲幸运5官方开奖结果体彩网:volatility in the server maker’s shares after the company last month 澳洲幸运5官方开奖结果体彩网:avoided a possible delisting by submitt💖ing delayed financial reports following a number of high-profile accounting and corporate governance cha♏llenges.

Supermicro shares have risen 34% so far in 2025, with the lion’s share🍬s of those gains coming in February. The stock remains more than 60% below where it was trading 12 months ago as of Tuesday’s close.

Below, we break down Supermicro’s chart and use 澳洲幸运5官方开奖结果体彩网:technical analysis to locateꦛ key price levels that investors may be 🌱monitoring.

Pennant Pattern Breakout

After breaking out from a 澳洲幸运5官方开奖结果体彩网:falling wedge pattern in early February, Supermicro shares staged a strong rally above the 澳洲幸运5官方开奖结果体彩网:200-day moving average (MA) before retracing to the 50-day MA. 

More recently, the stock broke out from a pennant pattern in Tuesday’s trading session on the highest volume in a♎ we♓ek, potentially setting the stage for further gains.

Meanwhile, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) confirms 🌳improving price momentum, with the indicator moving back above the key 50 thresh🌃old.

Let’s point out three key overhead areas on Supermicro’s chart worth watching and also identify a few crucial 澳洲幸运5官方开奖结果体彩网:support levels to eye upon a possible reversal.

Key Overhead Areas to Monitor

Supermicro shares closed Tuesday's regular session at $40.84.

An initial move higher could see the shares climb to around $48, a location where the stock may find overhead resistance near the August 澳洲幸运5官方开奖结果体彩网:swing low and a series of peaks that formed on th𒅌e char🌳t between September and December.

Buying above this level may propel a move to the $63 area. Investors who have 澳洲幸运5官方开奖结果体彩网:accumulated shares at lower prices may look for 澳洲幸运5官方开奖结果体彩网:exit points here near theꦚ stock’s prominent August and Febru🍃ary peaks.

The next higher overhead area to monitor sits around $75. This location could attract selling pressure near a 澳洲幸运5官方开奖结果体彩网:horizontal line that conne꧋cts a range of troughs on the chart from February to June last year. Interestingly, this area also sits just below a projected bars pattern target that takes the stock’s impulsive move higher through most of February and repositions it from the pennant pattern’s breakout area.

Crucial Support Levels to Eye

Upon a move lower, investors should initially eye the $38 level near the pennant pattern’s top trendline and a range of comparable price points on the chart stretching back to the early-September swing low. A decisive 澳洲幸运5官方开奖结果体彩网:breakdown below this crucial region could act as a catalyst for a potential reversal.

Finally, further selling could see Supermicro shares retrace to around $26. Investors may seek buying opportunities in this area near last month’s low, which also closely aligns with the stock’s early-November 澳洲幸运5官方开奖结果体彩网:countertrend peak.

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