The yearly chart on SMCI continues to look very familiar.

When comparing this setup to PLTR 's monthly breakout sequence, there are a lot of technical similarities.

My first target is $48.51, which lines up with a key monthly resistance level. If that breaks, my next target is $66.55, the previous yearly high. Longer term, I believe a move back to the all time high of $123.05 is possible if the bullish trend continues.

With earnings right around the corner, this could be the catalyst that determines whether the next leg higher begins. A stronger than expected report could result in a big overnight move!