SMCI Elliott Wave Analysis Trading Lounge Daily Chart,

SuperMicro Computers Inc., (SMCI) Daily Chart

SMCI Elliott Wave Technical Analysis

FUNCTION: Counter Trend

MODE: Corrective

STRUCTURE: Flat

POSITION: Intermediate (4)

DIRECTION: Bottom in wave (4).

DETAILS: We are exploring the possibility of a bottom in wave (4) which ended with an ending diagonal in wave C of (4).

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SuperMicro Computers Inc., (SMCI) 1H Chart

SMCI Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave (i) of {i}

DIRECTION: Upside in wave (i).

DETAILS: Here we are looking at what appears to be a nice five wave subdivision within wave (i) where we currently seem to be in the final stages of a triangle in wave iv.

(Click on image to enlarge)

This analysis focuses on the current trend structure of SuperMicro Computers Inc., (SMCI) utilizing the Elliott Wave Theory on both the daily and 1-hour charts. Below is a breakdown of the stock's position and potential future movements.

* SMCI Elliott Wave Technical Analysis – Daily Chart*

On the daily chart, SMCI appears to have completed a corrective Intermediate wave (4), which ended with an ending diagonal in wave C of (4). This suggests that the correction phase is likely nearing completion, and we may now see the beginning of a bullish move as wave (5) starts to unfold.

* SMCI Elliott Wave Technical Analysis – 1H Chart*

On the 1-hour chart, SMCI is progressing through wave (i) of {i}, and we can observe a well-structured five-wave subdivision within this initial impulsive wave. Currently, the stock is in the final stages of a triangle formation in wave iv, suggesting that the next move could be the breakout to complete wave (v) of (i), pushing prices higher.

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