Verified Investing on $SMCI (Nov 3, 2026)
SMCI is a bullish swing trade: the speaker wanted to buy near $28 at a trendline/786 Fibonacci intersection, anticipating a bounce, but after-hours strength pushed it toward $34; he still believes SMCI has more room to rise, with next major resistance at $38.94.
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We turn to SMCI stock, which is also rising well in after-hours trading . Unfortunately for us, I was looking to buy some SMCI shares. As you can see, we have a good upward trend line here from March 2026 connected to this pivotal bottom in July.
You can see its intersection here with the 786 Fibonacci retracement level, i.e., at the $28 mark.
I was hoping to see a little more selling pressure tomorrow, to buy some SMCI in the $28 range when this third trend line is touched, and then a bounce is anticipated .
So far, at least in after-hours trading, the stock is pushing up nicely, testing the $34 range. Let's take a look at the clock's timeframe. We have dropped to $30.70, and have even broken below the $34 level.
We have reached a level of $34.50. Good movement on SMCI stock.
Since I was planning to trade swing, I believe the SMCI can and will have more room to rise. The next major resistance level will be at $38.94 on the chart.
What this channel has said about $SMCI
Verified Investing has 7 calls on this stock; only the adjacent ones are shown.