SMCI: Bullish Measured Move Target Opens Door to $44.50Super Micro Computer, Inc.BATS:SMCItimothysmith78Super Micro Computer (SMCI) shares surged more than 20% in extended trading on Tuesday after the server maker said it received more than $60 billion in new orders in the June quarter, and saw higher margin than it had previously forecast. The afterhours jump adds to Tuesday's gains following SpaceX CEO Elon Musk denying reports that the rocket company had placed a $52 billion order with Foxconn for Nvidia-powered AI servers. Taking a closer look at Supermicro's chart, the price on Wednesday looks set to gap above the top trendline of a falling wedge pattern, potentially setting the stage for a bullish trend reversal. Traders can project an upside target using a measured move, a technique that analyzes chart patterns to forecast future price action. In this case, we calculate the distance in points between the falling wedge near the start of the pattern and add that amount to the breakout area. For example, we add $18 to $26.50, which projects a target of $44.50.