@Barcode:
$SUPER MICRO COMPUTER INC(SMCI)$ SMCI Update: Cup and Handle Breakout Potential Super Micro Computer, Inc. (SMCI) is currently trading at $873.02, and it’s flirting with a critical level of $872. This price action signals a potential breakout from a Cup and Handle (C&H) chart pattern, which traders love for its bullish continuation implications. What’s Brewing with SMCI? 1. Cup and Handle Formation: - Cup: Think of this as the market taking a nice rounded sip, indicating consolidation with a dip followed by a recovery. - Handle: A slight dip or pullback forming the handle, showing a brief pause before the next move up. 2. Breakout Level: - $872 is the magic number. Trading above this confirms the bullish breakout, setting the stage fo