SMCI – Wedge Breakout Triggering Around 46 Zone

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SMCI – Wedge Breakout Triggering Around 46 ZoneSuper Micro Computer, Inc.NASDAQ:SMCIkunal00SMCI – Wedge Breakout Watch with Intraday Setup Potential Super Micro Computer (SMCI) is working on a wedge breakout, and it's pressing right into the key $46 zone — the trigger area for a clean move higher. 🔹 Wedge Structure Clearing Price has been compressing into a wedge, and it's now testing the upper trendline. The $46 level is the key breakout point — if it clears and holds, this could unleash serious momentum. 🔹 Intraday Setup Developing If SMCI can hold this level intraday and consolidate, I’m watching for an entry signal right at or slightly above $46. Volume confirmation will be key here — watching the tape closely. 🔹 My Trade Plan: 1️⃣ Entry: Watching for clean hold + setup at $46 zone. 2️⃣ Stop: Below yesterday’s low — keeps the trade tight and risk defined. 3️⃣ Add: If it breaks $46 with volume, I’ll build into the position. Why I Like This Setup: Breakout from compression = potential expansion Clear risk level, clean structure — everything I want in a breakout trade If it holds this level today, this could turn into a trend day.