SMCI in my opinion is right now clearly formed an Ascending Triangle, and the price is right on the up-trend line support aka. the baseline of the triangle. The 3-months long sideways correction move is about to end, and a breakout coming? In worst case scenario we should see a leg higher to the upper bound of the triangle.
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.