TSLA, INTC and PLTR Forecast – Stocks Continues to See Interest in the USA

TSLA Technical Analysis

Tesla looks like it is going to continue to rally at the open here on Wednesday, as we are now approaching the previous consolidation area. What I find interesting is that after that ridiculous wipeout candlestick during the spat between Trump and Elon Musk, we had plunged with high volume. We have now taken all of that back and it looks like people have finally realized that two grown men fighting on Twitter doesn’t change what’s going on in the economy or with this company. With that being said, this was a great buying opportunity, as noted a couple of days ago, and now we are going to try to see if we can get to the $360 level.

INTC Technical Analysis

Intel has had an explosive move higher during the trading session on Tuesday, but Wednesday it looks like it might give just a touch back. The announcement of a new CEO has excited people, but we also have the 200 day EMA just above that could come into the picture to offer a little bit of a problem. On short-term pullbacks, we’ll see the 50-day EMA underneath as support. This did have a lot of volume, so one would assume that’s a really good sign.

And therefore, short-term pullbacks could attract attention as we continue to build on this basing pattern. With the higher volume in this general vicinity, it just looks like a classic accumulation pattern that Dow theorists really like. The question now is, whether or not you have the patience to take advantage of it.

PLTR Technical Analysis

And finally, we have Palantir, which looks like it is going to be just a little bit soft in pre-market trading and at the open may pull back a bit. That’s not a huge surprise, really. We have found ourselves in consolidation after a huge move to the upside. So, I think you have to, more or less, except for the fact that there’s a little bit of work to be done here working off some of the excess froth. It does look like $120 underneath is massive support, just as $135 above is pretty significant resistance, but we’re in an uptrend, so you look at dips as buying opportunities.

For a look at all of today’s economic events, check out our economic calendar.