H4 trendline break + 200EMA reclaimSuper Micro Computer, Inc.BATS:SMCIantbraccio1The heavily shorted stock - SMCI They just can't take it down into that weekly gap below $39.50 I had massive amounts of limit buys down in that area to start an early position but the bulls held their ground and didn't allow it to trade into that area. You can see the $40 support is strong. I don't want to go off on a Whim about the fundamentals because that's not how I trade. (Fundamentally I wanted it below $40 because I know it's an excellent long term play to own this stock under these discounted prices. Now that we held that ground it's time for SMCI to break into the $50+ range. Praying FOMC doesn't kill this momentum, if it does then I will keep my limit buys open below $40 and average down there in that weekly gap. I can see SMCI running to $70-$80 by the end of year if we can break this previous high on the last rally. I entered this trade a few days ago on the breakout with leap options and shares to give me some wiggle room on this play. I set up a long and short tool on the chart if you want to attempt this as a scalp with stop losses, just understand with stop losses under $40 you could become stop raid liquidity. Stop losses should be daily and weekly closes under $35, at that point I'm still going to be holding. Thats just my conviction on this for long term.