$SUPER MICRO COMPUTER INC(SMCI)$
Confirming a bullish flag with 1 hour chart (same for 2 hour chart).
Now, wait for a good catalyst (company update, market trend).
------Details-----
•Initial flagpole: 46.18
•Consolidation phase: 38.92-45 (lower highs and higher lows)
•Volume during consolidation: decreasing, which signals traders awaiting breakout
•Trendline & support: price movement holding above EMA 200, highlighting broader bullish trend, with $39-40 acting as strong support line.
•Breakout confirmation: above 46.18 with strong volume. Rise to minimal $50.
•Caution: breakdown below 38.92 would invalidate the flag. Further support down is ~35.5.
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