SMCI – Wedge Breakout Triggering Around 46 ZoneNASDAQ:SMCI – Wedge Breakout Watch with Intraday Setup Potential
Super Micro Computer ( NASDAQ:SMCI ) is working on a wedge breakout, and it's pressing right into the key $46 zone — the trigger area for a clean move higher.
🔹 Wedge Structure Clearing
Price has been compressing into a wedge, and it's now testing the upper trendline.
The $46 level is the key breakout point — if it clears and holds, this could unleash serious momentum.
🔹 Intraday Setup Developing
If NASDAQ:SMCI can hold this level intraday and consolidate, I’m watching for an entry signal right at or slightly above $46.
Volume confirmation will be key here — watching the tape closely.
🔹 My Trade Plan:
1️⃣ Entry: Watching for clean hold + setup at $46 zone.
2️⃣ Stop: Below yesterday’s low — keeps the trade tight and risk defined.
3️⃣ Add: If it breaks $46 with volume, I’ll build into the position.
Why I Like This Setup:
Breakout from compression = potential expansion
Clear risk level, clean structure — everything I want in a breakout trade
If it holds this level today, this could turn into a trend day.
