Super Micro Computer (SMCI) shares are likely to remain in focus to start the week after the stock 澳洲幸运5开奖号码历史查询:led the S&P 500 higher Friday following bullish remarks from analysts.

JPMorgan upgraded the stock, pointing out that shares in the server maker could receive a boost from increasing demand for AI infrastructure, particularly its hardware that houses Nvidia’s (NVDA) sought-after 澳洲幸运5开奖号码历史查询:Blackwell chips as shipments ramp up.

Supermicro shares have gained nearly 40% since the start of the year through Friday’s close as investors look past highly publicized 澳洲幸运5开奖号码历史查询:accounting and corporate governance chall🏅enges that have weighed on the company's stock over the past six months.

Last month, the server maker filed delayed financial reports to 澳洲幸运5开奖号码历史查询:avoid a Nasdaq delisting and predicted 澳洲幸运5开奖号码历史查询:significant revenue growth in 2026 as demand grows for infrastructure to suppo𝔉rt AI.

Below, we take a closer look at the 澳洲幸运5开奖号码历史查询:technicals on Supermicro’s 澳洲幸运5开奖号码历史查询:weekly chart and point out crucial price levels worth watching o🃏ut 🐽for.

Inverse Head and Shoulders Neckline Retest

Supermicro shares carved out an 澳洲幸运5开奖号码历史查询:inverse head and shoulders pattern between August and February before breaking out above the formation’s neckline on heavy trading volume last month.

More recently, the stock found buying interest on a澳洲幸运5开奖号码历史查询: pullback to the initial breakout point, lifting the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) bac🌠k above the 50 threshold in the process and potentially settin𒅌g the stage for another move higher.

Let’s apply 澳洲幸运5开奖号码历史查询:technical analysis to Supermicro’s chart to identify crucial 澳洲幸运5开奖号码历史查询:support and resistance levels that investors may be watching.

Crucial Support Levels to Watch

Supermicro ♉shares surged nearly 8% on Friday to finish the week at $42.15.

The first lower support level to watch sits around $35. The shares could find buying interest in this area near the inverse head and shoulders’ neckline, which closely aligns with the prominent August 2023 peak.

A 澳洲幸运5开奖号码历史查询:breakdown below this important location could see the shares revisit lower support at the $26 level. Investꩲors may seek buying opportunities in this region near last month’s low, which currently sits alongside the upward sloping 200-week moving average and a series of similar price points on the chart during the second half of 2023.

Key Resistance Levels to Monitor

Buying from current levels could fuel a move up to around $66, a location on the chart where the shares may run into overhead resistance near the February peak and last year’s Apr🗹il trough.

Finally, If bulls regain control of the 澳洲幸运5开奖号码历史查询:price action, look for a possible rally to the $97 level. Investors who bought lower may decide to 澳洲幸运5开奖号码历史查询:lock in profits near the top trendline of a narrow 澳洲幸运5开奖号码历史查询:trading range that developed on the chart shortly after the stock set its 澳洲幸运5开奖号码历史查询:record high in early March last year.

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