TSLA, PLTR and SMCI Forecast – Major NASDAQ Stocks Look Strong

TSLA Technical Analysis

Tesla has earnings at the end of the Wednesday session, so you do have to understand that there could be a lot of volatility that is not necessarily easy to quantify. That being said, the market looks like it’s going to open a little bit higher on Wednesday, and it is worth noting that the technical analysis does suggest that there should be plenty of support below. However, the earnings estimates and earnings call are of course going to be a bit of a wild card. So, I would expect a lot of noise.

With that being said, this is a situation where traders will continue, I believe, to look at dips in Tesla as potential buying opportunities due to the fact that we have bounced so hard over the last couple of rifts between Trump and Musk that obviously people are still willing to jump into this market. So, it remains buy on the dip.

PLTR Technical Analysis

Palantir looks like it’s going to open about a dollar higher or maybe more for the trading session on Wednesday. And ultimately, I think this is a scenario where we are just continuing the longer term uptrend. The 50 day EMA is down at the $133 level or so and rising. And I think ultimately, this is a market where any time it falls, you’re looking to be a buyer.

SMCI Technical Analysis

Super Microcomputer looks like it’s going to open a little higher during the trading session here on Wednesday, as traders continue to look for value on each and every dip. We had a pretty significant sell off on Tuesday, but quite frankly, when you look at the totality of the trend over the last couple of months, it’s not anything that I would consider devastating by any stretch of the imagination.

With this, I do believe that Super Micro Computer will continue to be a favorite of traders as we are in the midst of what looks like a huge, rounded bottom, perhaps something to that effect at least, and we are stretching to go higher. Earnings aren’t until the 5tth of August, so we do have a little bit of time before that.

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