TSLA, PLTR and RKLB Forecasts – High Flying Tech Trying to Rebound

Tesla (TSLA) Technical Analysis

Tesla looks like it is going to jump a little bit at the open on Monday, as we are starting to see a little bit of positivity carrying over from Asia. It is worth noting that a large portion of Europe will be celebrating Easter Monday; perhaps that has something to do with what is going on, as well as the market looks to bounce.

I suspect the $383 level above could be a bit of a barrier. It is not exactly a positive market, but we are bouncing basically from an area that you would expect to see some support just above the $350 level. So, it is possible this is a nice technical play. It is a market that is oversold, from what I can see.

Palantir (PLTR) Technical Analysis

Palantir looks like it is going to jump a little bit as well, as it remains a standout in the artificial intelligence software adoption phase. While the macro environment of higher yields is typically a drag, Palantir is benefiting from a flight to quality type of trade within the AI sector. That being said, I am watching the $140 level to hold for support and aiming for $160 above.

Rocket Lab (RKLB) Technical Analysis

Rocket Lab is currently rallying towards the 50-day EMA. I think, really, at this point in time, it is a rebounding IPO and M&A market that we are seeing, and Rocket Lab is one of the beneficiaries. Can we get to $80? I think this is the real question in this market, and if we can reach $80, the question then becomes if we break out above there, can we reach 100? It looks bullish to me. It is noisy, but one would expect that with a company like Rocket Lab with all of the geopolitical and interest rate issues going on at the moment. So, I think it remains buy on the dip.

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