Super Micro Computer (SMCI) shares are likely to remain in the spotlight after 澳洲幸运5开奖号码历史查询:surging 11% Tuesday as investors sought buying opportunities in leading 澳洲幸运5开奖号码历史查询: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开奖号码历史查询: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开奖号码历史查询:volatility in the server maker’s shares after the company last month 澳洲幸运5开奖号码历史查询:avoided a possible delisting by submitting delayed financial reports fol𒊎lowing a number of꧃ high-profile accounting and corporate governance challenges.

Supermicro shares have risen 34% so far in 2025, with the lion’s shares of those gains coming i𓆏n 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开奖号码历史查询:technical analysis to locate key price levels that i𓃲nvestor💃s may be monitoring.

Pennant Pattern Breakout

After breaking out from a 澳洲幸运5开奖号码历史查询:falling wedge pattern in early February, Supermicro shares staged a strong rally above the 澳洲幸运5开奖号码历史查询: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 volumeꦿ in a week, potentially setting the stage f𒀰or further gains.

Meanwhile, the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) confirms improving price momentum, with the i🌟ndicator moving back above the key 50 ♉threshold.

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开奖号码历史查询: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开奖号码历史查询:swing low and a series of peaks that formed on the chart be🌟tween Se𝓀ptember and December.

Buying above this level may propel a move to the $63 area. Investors who have 澳洲幸运5开奖号码历史查询:accumulated shares at lower prices may look for 澳洲幸运5开奖号码历史查询:exit points here near th🌼e stock’s prominen𓆉t August and February peaks.

The next higher overhead area to monitor sits around $75. This location could attract selling pressure near a 澳洲幸运5开奖号码历史查询:horizontal line that connects 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 impu𝓰lsive 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开奖号码历史查询: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开奖号码历史查询:countertrend peak.

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