SMCI is a bargain here. Target $90.

861
Super Micro Computer Inc / SMCI is trading inside a Channel Up.

The new bearish wave has already completed a -47% decline, same as the previous one, and the symmetry inside this pattern seems very high.

The price is now very close to the Channel's bottom and is technically a strong buy opportunity.

We expect a new higher high close to the 1.618 Fibonacci extension.

Buy and target $90.

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