Look at these super micro levels as stocks will skyrocket after the company meets the NASDAQ submission deadline
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Supermicro shares rose 12% on Wednesday after Server Maker filed a late financial report just before yesterday’s deadline to avoid delisting from Nasdaq.
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The stock recorded four consecutive trading sessions leading to filing deadlines, but found support on Tuesday for the key 50% Fibonacci retracement level.
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Investors should monitor the major overhead areas of Supermicro’s charts for $63, $75 and $96, and key support levels close to $48 and $38.
Super microcomputer (SMCI) Shares surged on Wednesday after server makers A delayed financial report has been submitted Just before the deadline to prevent delisting by the Nasdaq.
In a statement, the company confirmed its compliance with the exchange’s application requirements and said “the issue is currently closed.” Helps to facilitate investor concerns Recently, it may not meet the cutoff date of February 25th.
There are stocks in Supermicro Loss more than 40% of its value in the last 12 months In an accounting and corporate governance complaint that contributed to the delay in our regulatory application. However, the stock price has skyrocketed 68% since the beginning of the year, partially boosted by business updates earlier this month. A bright revenue outlookdriven by the growing demand for products to support AI infrastructure.
Below, we classify Technology On the Supermicro chart, we point out the major pricing levels that investors may be paying attention to.
Supermicro stocks rise sharply as they increase volume A few weeks since I escaped from a Falling wedge Pattern before hitting closely monitored sales pressure 200-day moving average.
The shares were logged for four consecutive days following yesterday’s filing deadline, but found key 50% support on Tuesday Fibonacci Retracement Level Applying this month’s low to high tool will bring the stage to today’s surge.
Identify three important overhead areas of the super micro chart that stocks may encounter resistance It also identifies key support levels that are worth watching during a potential retracement.
Supermicro shares rose 12%, closing Wednesday’s session at around $51. Stocks fell 5% in recent after-hours trading.
The first overhead area monitored is around $63. The stock could face sales pressure in the region near August Counter Trends Peak is closely aligned with this month’s highs.