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Key Levels for SMCI

Written By: ChartChamp

November 26, 2024

SMCI has managed to avoid NASDAQ delisting and has rebounded after a strong selloff. Despite the short-term gains I think it is very risky to trade into a stock like SMCI that is at risk of delisting. For now SMCI is in good standing, but I would be cautious if more accounting challenges continue to take place. In the short term I have support around $18.34, resistance at $40.73 and a higher resistance target around $65. I don’t think SMCI will drop down to $18, but I think there will be a pullback for a buy opportunity.

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