SMCI
The corrective wave that started on the March of 2025 seems to have come to an end with a truncated 5th wave (failed to produce lower level than the 3rd).
Seems that a new wave has started to take form that returned us back to the $28-$36 zone.
Expecting accumulation and volume increase for a while in this zone before we move to higher levels.
The strength and degree of this wave will become known when we reach the top orange dotted line.
Recommendation is long with a stop loss of $28.5