TSLA, NVDA and PLTR Forecasts – Tech A Bit Hesitant in Premarket Trading

Tesla Technical Analysis

Tesla looks like it is going to open higher to kick off the trading session on Friday, as it continues its recovery from the 50-day EMA. In fact, on Tuesday, we ended up forming a perfect hammer that not only pierced the 50-day EMA but bounced from the 200-day EMA, looking very bullish. At this point, we could go looking to the $445 level, we’ll just have to wait and see. I do like Tesla, I think it eventually recaptures some of its previous magic, as so many institutions and just large funds are involved in it anyway.

NVIDIA Technical Analysis

NVIDIA looks like it’s going to try to recover after what was a fairly wild session on Thursday. The earnings report was better than anticipated, as usual, but maybe it just wasn’t better enough. It’s hard to tell, really. At this point in time, I think we are in the midst of consolidation after running higher. I would expect NVIDIA to recover. I’ll be looking at that today as a potential entry. After all, the AI trade is still what everybody’s watching.

Palantir Technical Analysis

Palantir looks like it might try to continue its recovery. If it can break out from here, it could go looking to the 50-day EMA at $141.84. Anything above there opens up a move towards the $150 level. I still see the $128 level in Palantir as a major floor. It’s worth noting that we’ve been basing for a while, and I think we are trying to build up enough accumulation before some type of bigger move, which I would anticipate is higher, but we don’t know that yet.

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