SMCI | Bullish Above $38.50, Golden Cross Setup DevelopingSuper Micro Computer, Inc.BATS:SMCIclaykilgoI liked today’s action a lot. SMCI closed at $39.84 (+1.74%) on roughly 62M shares while much of the broader market finished red. That relative strength stands out, especially following the recent earnings-driven breakout. The biggest technical takeaway for me is that $38.50 held. SMCI traded down to $38.74, found buyers, reclaimed $39, and closed back near $40 without giving back much of the breakout. That makes $38.50 my tactical line in the sand going into Monday. There’s also an important MA setup developing here: SEE BLUE FLAG The 20 (green), 50 (orange), and 200-day moving averages (blue) are converging The 50-day is approaching the 200-day A potential golden cross looks increasingly close *** That kind of MA compression can become very important if price continues holding above the cluster and momentum expands. My roadmap: Above $38.50: bullish structure remains intact Break $40.60: opens another push higher $42.25–42.50: next major confirmation zone Break $42.50: $47 becomes the next meaningful upside target (would be first major TP) On the downside: Lose $38.50: $35–36 likely comes back into play. LH / LL structure could be established. Seems unlikely. RSI is also showing strong momentum, so I would prefer to see price hold these gains rather than immediately overextend. What I like most is the relative strength. SMCI didn’t need a strong market backdrop to hold the breakout today. Going into Monday, I’m bullish above $38.50, more aggressive above $40.60, and looking for real confirmation through $42.50.