SMCI – Wedge Breakout Watch with Intraday Setup PotentialSuper Micro Computer (
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
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.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.