Tech Stock Forecast Forecast – Nvidia Eyes Gains on SpaceX Deal as Tesla Watches $300

TSLA Technical Analysis

Tesla looks like it’s going to open just a touch soft in premarket trading on Thursday, as we had bounced nicely from the bottom, but now it looks like the downward pressure is trying to return. If that is going to be the case, then it’s likely that we’ve got a situation where a lot of noisy action could be seen here, as there are people looking for value and sellers at the same time pushing so hard.

The market has been very noisy as of late. The $300 level was the point of support that buyers may be interested in defending.

NVDA Technical Analysis

Nvidia, on the other hand, looks like it’s ready to continue its run higher after SpaceX a couple of days ago announced that they would only use Nvidia chips. And now, this is a market that seems like it is being launched as well.

Short-term pullbacks will more likely than not attract buyers. In fact, I plan on buying dips in Nvidia myself, and at this point, it looks very strong. Volume has picked up a little bit, nice gap higher to trade from.

MSFT Technical Analysis

Microsoft looks a little bit soft in the early premarket trading, but quite frankly, it has recently just launched, jumping from about $390 to $500, so a pullback would make perfect sense. Sooner or later, gravity comes back into play. The market is likely to continue to be a lot of volatility, a lot of choppiness, but I think a lot of support underneath as well. This is a strong stock, in my estimation, and one that I like a lot.

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