Super Micro Computer’s stock price (SMCI) edged lower in latest intraday trading, while trying to pierce the pivotal resistance of $47.58, as it gathers positive momentum to achieve that target, with dynamic support due to trading above the 50-day SMA, amid the dominance of the upward correctional trend in the short term, with positive signals emerging from the Stochastic. 

Therefore we expect the price to rise as long as the resistance of $47.58 is reliably breached, targeting the next one at $66.44. 

Today’s price forecast: Bullish

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