The analysis discusses SMCI breaking the 44.23 support level, trending towards 43.24 within a chop range of 50.70 and 44.23. Weekly analysis shows major resistance at 122.90, with the stock retracing a large portion of an upward move. The sellers seem to be in control after the earnings. The analyst expects the stock to move to 40.71, and the buyers need to hold up the support. A double bottom formation is possible to trend up and fill a gap towards 50.70. If the stock cannot hold 40.71, the sellers are in control.