Super Micro Computer (SMCI) – Bullish break above 200 day MA. Key resistance targets ahead | Forexlive

Super Micro Computer (SMCI) shares are currently up around 17.14% at $45.57 , extending yesterday’s 16% rally. The sharp move comes on the heels of a major catalyst: a multi-year, $20 billion partnership with Saudi data-center developer DataVolt. As part of the deal, Super Micro will accelerate delivery of ultra-dense GPU platforms and rack systems for DataVolt’s hyperscale AI campuses in both Saudi Arabia and the U.S. CEO Charles Liang highlighted the partnership’s strategic value in expanding U.S. manufacturing and advancing Saudi Arabia’s ambition to become a global tech hub.

This agreement is embedded in a broader U.S.-Saudi commercial initiative totaling $600 billion—the largest such package ever—of which $80 billion in AI and tech infrastructure is being backed by major players including Alphabet, Oracle, Salesforce, AMD, and Uber.

For SMCI, the rebound comes after a volatile stretch. Shares had surged to a post-split high of $122.90 in 2024 (following a 10:1 split in October), only to plunge to $17.25 in November amid concerns over accounting irregularities and a delayed earnings release that nearly cost the company its NASDAQ listing. Though the most recent earnings report on May 6 fell short—EPS of $0.31 vs. $0.41 expected, and revenue of $4.6 billion vs. $5.01 billion—the new partnership, coupled with renewed AI enthusiasm and improved transparency, has sparked a sharp reversal in sentiment.

So with the worst potentially behind them, what are the technicals saying now?

Super Micro Computer (SMCI) is showing renewed bullish momentum after rebounding from a near-collapse late last year. The recent rally has pushed the stock above the 200-day moving average (green line on the chart above), now at $39.87—a level that buyers must defend to maintain control. Holding above this moving average would help solidify a base for further upside traction.

The next hurdle lies in a key swing area between $47.86 and $51.35. This zone has repeatedly acted as both support and resistance, making it a pivotal battle zone. A sustained break above this region opens the door toward trendline resistance near $53.20, followed by the 38.2% Fibonacci retracement level of the 2024–2025 decline at $57.61.

The high of the year at $66.44 came before a post-earnings collapse, but the market now appears to be regaining confidence. If buyers can keep the momentum going, there’s room to roam higher.

On the downside, failure to hold above the 200-day MA could signal a fading recovery and refocus attention on lower support levels.

Key technical levels:

• Immediate support: $39.87 (200-day moving average)

• Resistance zone: $47.86–$51.35 (swing area)

• Next upside targets: $53.20 (trendline), $57.61 (38.2% Fib retracement)

• Bias: Bullish above $39.87 with momentum building; caution below

Another stock that was hit hard is also trying to make a comeback.

AMD shares are up 5.02% after rising 5.13%,and 4.01% over the prior two days. The price moved above the 100 aday MA on Monday at $107.48 (now a risk level for buyers looking for more upside). The 200 day MA is above at $127.30 and would need to be broken to increase the bullish bias. The 38.2% of the move down from the 2024 high is at $134.09

Shares from the peak in 2024 fell -66%.

If the bottom is in and the tech/AI momentum reignites, staying above the 100 day MA is now the risk at $107.48. More confidence comes on a break of the 200 day MA at $127.29.