SMCI closed at 41.54. The analysis identifies a range between 44.23 and 47.85, breaking out of a long-term descending range. However, earnings of 41 cents per share versus a 44-cent consensus and 5.76B revenue versus 5.88B was less than expected. Recently disclosed material weaknesses in internal financial reporting controls are affecting the stock negatively, renewing investors' concerns about transparency. The stock has dropped roughly 5-5.5% due to recent news. Although holding above the 40.71 support, we are back within the chop range. Fundamentals are not going well for the stock. Reaching new heights is not on the books. SMCI has overall an ascending trend and a 17.31 long term support. Strong recent price action with bad news, it is neutral but overall, an ascending pattern and a good support at 40.71. Breaking the descending channel could make a squeeze toward 44.23.