Super Micro Computer #SMCI Analysis

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welcome everybody
When watching the Earnings Date & Reports of Super Micro Computer (SMCI) stock, we notice a consistent and balanced growth, and this indicates the company's financial health, which encourages investment in the company in the long term, and we notice in the image of the chart on the weekly time frame, the real support and resistance and how it interacted with it Price, clear respect for the price areas referred to.



For long-term investment, the price is likely to reach 144.36 areas, in multiple stages punctuated by ups and downs on smaller timeframes than the weekly, as we will see in the upcoming pictures.



When we move to the 4-hour time frame, the parameters of the chart change, and we may notice the presence of very distant price gaps that it may be difficult to return to now (red arrows) unless there is a catastrophic event, very strong news, or the complete collapse of the company.
We also notice a typical behavior of the price reaction towards the dates of the announcement of the Earning and the Revenue, when the news is positive, the price is reduced before the announcement to buy at a low price, and upon the announcement, the price rises to the indicated resistance, and in the middle of the last and next announcement, the price begins to decline again.



We will focus on the last candles, see what is happening there, and identify the supports and resistances that the price is likely to interact with.



Let's now determine the purchase price, take profit prices, and stop loss for short-term trading.



Entry : 74.16$ (Only If open new candle above this level)
TP01 = 81.18$
TP02 = 88.84$
TP03 = 96.50$
TP04 = 111.82$
SL = 59.31$
Good Luck ♥