Super Micro Computer Inc. (SMCI) has shown significant movement in the market recently. The company’s stock closed up 5%, breaking above a downtrend line. Institutional investors, including hedge funds, were major sellers in Q1, unloading 43% of their shares, leading to over three months of price consolidation. However, recent trading activity suggests a potential bottoming formation with key support levels being tested and held, including a successful test of the 50sma. Thursday marked the first Accumulation Volume day in several weeks. Analysts and traders are optimistic about the stock's future, with potential targets ranging from $900 to $1070-$1078, including specific levels at $925, $970, and $1000. The stock's performance is being closely watched by traders, with some predicting a big breakout in the coming months.
$SMCI closed up 5%, breaking above downtrend line today. Institutional investors including hedge funds were big sellers, cashing out its big profits in Q1. Hedge funds alone unloaded 43% of its shares during Q1. $SMCI has gone through 3+ months of price consolidation. Now… https://t.co/zoFevzD8He https://t.co/qTEAjRYnz0
$SMCI monthly shows you bigger picture.. $970 next likely spot, and possible this month $1000, $1070-1078 (big breakout) Won't be surprised if July/Aug $SMCI big breakout for move to ATHs https://t.co/jo6wXLqxYc
$SMCI #Update 🚀💰💰 This Idea really paid up for whole week "Nothing is too high" See before after on this idea Learn these simple patterns https://t.co/cA39kRG9oc https://t.co/nxEY4KRQbN
$SMCI #Update 🚀💰💰 This Idea really paid up for whole, week "Nothing is too high" See before after on this idea Learn these simple patterns https://t.co/AVSpIKHSxF https://t.co/nxEY4KRQbN
$SMCI nice move one of levels 925 https://t.co/t33rOKRPnb
$SMCI playing catchup $ARM $NVDA https://t.co/muHfdJtIRK https://t.co/zgsKEuVqLW
Test of 50sma again held and buyers came in $SMCI Not much out there for set-ups so likely this one is popping up for a lot of traders helping the cause https://t.co/FgDAcUljSi
$SMCI 💰💡💡 Solid Mover from X Idea as well and for us in community since morning cloud curls 900s target almost on deck voice guidance @TENETTRADEGROUP https://t.co/QpwX3R0w25 https://t.co/O1tuhYKOJL
$SMCI 💰💡💡 Solid Mover from X Idea as well and for us in community since morning cloud curls voice guidance @TENETTRADEGROUP https://t.co/zOYbv0wQEn https://t.co/O1tuhYKOJL
$SMCI #daily Love the the daily setup here We long since morning curls but over 880/883 have nice flag breakout if it wants to join the party watch those levels #chartidea https://t.co/vV9pm0BjDL
$SMCI to fly, need 900+ https://t.co/ApESoCc7Rn
$SMCI weekly and daily charts starting to look very interesting once again! Thursday marked the first Accumulation Volume day in several weeks... hints of a bottoming formation are beginning to emerge as price bumps and grinds in and around key support levels! First upside… https://t.co/ZboOcVchhP
$SMCI @marketsurge #IBDPartner chart looking very nice but in an extended market but def worth having on radar https://t.co/ZvalB8XQdj