SMCI Long IdeaSuper Micro Computer, Inc.BATS:SMCIvladislav_xoThis chart looks like a reset + base attempt, not a stock that’s still in free fall. The big selloff already happened, and now price is holding a clear weekly demand zone around $28–30. That’s the first thing I want to see if I’m looking for a swing reversal. After the dump from the $50s, the candles got tight. Compressed price action near support usually means sellers are running out of ammo. You’re also getting a relative volume pickup into this area, which often shows up around turning points (capitulation, then absorption). The structure is straightforward: if buyers can defend this base, the next move is likely a mean reversion back into the prior range. Your levels line up well: First reclaim: ~$36 (1TP) Next decision level: ~$40 (2TP) Big target / supply: ~$58–60 (3TP zone) Earnings on Feb 3 can easily be the catalyst, but I wouldn’t “hope” into it. I’d treat it as fuel only if price starts moving first. Invalidation is clean: a weekly break below the low of week (~$27.85). If that goes, the base thesis is wrong and it’s back to defense. Bottom line: defined risk, tight base, potential multi-leg upside back toward prior supply. This is the kind of weekly setup where patience pays, and forcing it gets punished.