The analysis focuses on SMCI stock, currently priced at 58.97. It anticipates a continued upward movement to a target of 66.00. Key levels include breaking through the 54.20 mark and reaching 62.32, where the price faces rejection. The analysis identifies a stair-step pattern, supported by ascending support trends, volume increases, and break outs of resistance zones.. It also highlight potential pullback scenarios, with support around 55.00 and 57.30-57.40 and invalidate the analysis falling bellow 50.70.