SMCI going to breakout soon, targeting $200

SMCI hasfound support at $28, it is currently trading around the $46 level. It is attempting to test the $50-$61 range for the third time and will likely turn this level into support with a breakout.

$200 could be a good psychological target. The relative strength against the SPX is about to turn positive in favor of the stock, and I expect volume to increase in the coming days.