Verified Investing on $SMCI (Nov 5, 2026)
SMCI has dropped sharply and sharp drops usually produce sharp bounces, so a bounce is anticipated. Trend-line support from the March and July low pivots is near $27.25, with the 78.6% Fibonacci retracement at $28.15 just above, forming the support zone; price could pierce the level slightly as this is a swing trade level.
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I've got a great trade setup for you today, and it's on the chart of SMCI. One of my favorite uh things to do with technical analysis, understanding and drawing trend lines. One of the greatest parts about it, anybody can do it.
You guys can do it. It's just one simple line. All I do is connect the pivots. As you see here, this low pivot in March of this year, connected over to this low pivot in July. And that brings us over to under current price, right about $27.25.
Now, you see here too on the chart, nice decline fall on SMCI. When you ever you have a a sharp drop, you usually have sharp bounces as well. And so, that's what I'm anticipating to happen.
Now, keep in mind, this is a swing trade level. So, we very well could pierce it just ever so slightly. But guys, I also don't just take trades with one factor. Notice what I added here.
I threw on the Fibonacci sequence retrace, and I took that from the pivot low in July up to the most recent PI uh pivot high. And that brings us with the 786 just slightly above that 27 and a quarter level at $28.15.
That's the support zone today for SMCI where I anticipate a bounce.
What this channel has said about $SMCI
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