PLTR, SMCI and TSLA Forecast – Tech Stocks Look to Recover on Wednesday

PLTR Technical Analysis

Palantir looks as if it is going to gap higher as pre-market trading has been very strong for the company. We’ve recently, in the last 10 days or so, had a slightly surprising positive earnings report. And as we look at the market now, it’s obvious that we have broken through a double top. So, it’s very possible Palantir has much further to go and the measured move for what that’s worth suggests that we could be looking at a move to about $155. The size of the candlestick from the previous session on Tuesday was, of course, very bullish, and volume is starting to pick up. So those are all the things you want in a continuation breakout.

SCMI Technical Analysis

Super Microcomputer looks like it’s going to absolutely launch to the upside as pre-market trading has been quite strong. After it was announced during the Wednesday session that a major data center in Saudi Arabia was signing a project and a deal with Super Microcomputer. So, it makes sense. They have a new client in the Middle East, which is fairly large, from what I understand. Therefore, the stock starts to climb.

The question is, can it rally to the upside for a bigger move? It certainly looks like it. This is very much going to be a buy on the dip scenario from everything I see on the chart.

TSLA Technical Analysis

And finally, Tesla looks like it’s going to rally again based on pre-market trading. As we continue to see, upward momentum after the ridiculous sell-off due to the social stigma, I guess, of Tesla. And at this point in time, it looks like that’s in the rearview mirror. I haven’t seen an online clip of somebody vandalizing Tesla in two weeks, and you can see what’s happened.

So, at this point in time, I think Tesla continues to go higher. It probably reaches the all-time highs eventually, but we are approaching a cluster that could be very noisy, so expect pullbacks. Those pullbacks should be nice buying opportunities.

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