TSLA, PLTR and ORCL Forecasts – Tech Stocks Soft Early on Tuesday

Tesla Technical Analysis

Interest rates in America remain pretty high and that is one of the major problems with Tesla and pretty much most technology stocks. So, it’s not that Tesla is really any different than anybody else. It’s just that the overall risk aversion is starting to weigh upon it. I’m looking to see if we get a bounce at 400 that I can start buying.

Palantir Technical Analysis

Palantir looks like it’ll be a little bit soft in early trading. At this point, I think the market will probably go looking to the 50-day EMA above near the $140 level. Short-term pullbacks I think offer support all the way down to the $128 level, so I’m looking to buy the bounce here as well.

We may have to go sideways for a little bit as we are trying to sort out where we are going next. All things being equal, this is a market that I think is still trying to build some type of basing pattern that it can take advantage of.

Oracle Technical Analysis

Oracle looks a little soft in pre-market trading as well, but it is hovering around the 200-day EMA. This is an AI trade more than anything else at the moment, and I do think that will give it a little bit of a boost. I do expect it to bounce sooner or later, perhaps testing the 200-day EMA a couple of times along the way before eventually hitting the $200 level.

The $200 level has a lot of psychology attached to it. If we can get above there, then Oracle can really start to take off. If we break down, then I’m looking for the 50-day EMA near $172 to offer a bit of a floor as well.

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