TSLA, PLTR, and NVDA Forecasts – Stocks are Mixed After NFP Misses

TSLA Technical Analysis

The Tesla market looks like it is getting hit a little bit early during the trading session here on Thursday, and quite frankly, I think part of this is going to be profit-taking due to the fact that Friday we are closed, and of course, we’ve had such a huge run over the last couple of days.

Ultimately, it looks like a market that is testing the top of a range that we had been in, and ultimately, this is a market that I think we will eventually see buyers on a dip, but that dip probably should last a couple of days before you find the real value.

PLTR Technical Analysis

Palantir continues to rally, but it is starting to struggle a bit here at the 50-day EMA. I think you have a situation where Palantir could pull back. If we drop below the $128 level, that could be a bad sign. We’ll just have to wait and see if we can get above the 50-day EMA. I think that’s a good sign; it could send Palantir looking to the 200-day EMA after that.

NVDA Technical Analysis

Nvidia continues to be noisy. It is a little bit positive now but it started out the day lower. I think the $200 level is an area we will be watching very closely. It’s a large, round, psychologically significant figure and an area that will continue to cause a lot of headlines.

If we can get above there on a daily close, then we could go looking to the $210 level, which is an area that I think is important because it is the beginning of the gap lower that we had seen. Any pullback from here I think, has plenty of support at the 200-day EMA.

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