The analysis focuses on SMCI, currently priced at $45.37. After closing at $45.37 buyers and sellers are battling in the $47.85 and $44.23 range. The stock is in a consolidation phase post-earnings decline. Despite bad earnings, the 44.23 support has held. On the weekly timeframe, long-term resistance stems from $122.90. The earnings crushed the price back down to the floor. The analyst expects a small pull back given the price action and the stock is holding a good support The short-term target is between $46 and $47. An invalidation of the bullish analysis is set at $44.16