Super Micro Computer (SMCI): Is This the Greatest Comeback?

Could this truly be the greatest comeback of 2024 & 2025? The decision for SMCI is imminent, and it’s crucial to remain open to all potential scenarios.

Over the past month, SMCI has risen by an impressive 83% and is now trading just below a significant resistance level. Flipping this resistance would mark the first shift from a bearish to a bullish structure since the beginning of the decline. Such a reclaim would also indicate a remarkable V-shaped correction, which holds substantial significance on the weekly chart.

It’s likely that SMCI may experience a slight pullback this week to accumulate more buying momentum before pushing above the $50 mark. However, the stock must not fall below $25, as this remains the Point of Control (POC) since 2022—a critical level that must be respected to maintain the bullish potential.