TSLA, PLTR and SCMI Forecasts – Tech Looks to Rally into the Weekend

Tesla Technical Analysis

The market for Tesla looks like it is going to see a bit of a bounce as the market finds itself just above the 50-day EMA and the 200-day EMA in early trading on Friday. Tesla of course does have an earnings call next week on Wednesday.

It will be interesting to see how this plays out. I think short-term pullbacks continue to be buying opportunities but make sure you steer clear of that earnings call that can cause massive swings. Just be aware of the fact that you have only got a couple of days.

Palantir Technical Analysis

Palantir looks like it is trying to rally as well. It has continued its major bounce from the $128 level. That is an area that I think will continue to be on a hard floor. To the upside, we have the $162 level, which has offered resistance.

I think we may try to get back there. It does not mean that it will be easy to get there, but this bounce does suggest that we are in the process of trying to form some type of bottoming pattern in what was once a darling on Wall Street.

Super Micro Computer Technical Analysis

Super Micro Computer looks like it is going to be a little bit positive, but it is sitting just under a major resistance barrier in the form of $30, so I am not looking for anything major here.

In fact, I suspect that it is probably only a matter of time before we pull back. Short-term dips could be buying opportunities but those are short-term setups. Longer-term, we need to get above the $31 level to even have the conversation of whether or not we are breaking out to the upside.

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