TSLA Technical Analysis
Tesla looks like it’s going to open a little bit positive during the trading session on Thursday, which is a good sign considering it’s building on a couple of days of recovery. Keep in mind that the markets have been very noisy as of late and therefore it’s not a huge surprise to see a little bit of hesitation and chop. But ultimately, I think you have to look at this as a market that is still in the middle of consolidation, as we get closer to the earnings call on the 22nd, which is next Wednesday. I think you probably see more sideways action than anything else. We’ll just have to wait to see what Elon says that day, but the $400 level at the moment looks to be support.
PLTR Technical Analysis
Palantir looks like it’s going to open positively by a couple of dollars on Thursday as we continue to march right along this 50-day EMA. This being the case, I think you have to understand that this is a market that has been a buy on the dips scenario. And as a result, I think you continue to see a lot of consolidation and sideways action. But ultimately, if we can break above the $190 level, then we have a real shot at trying to go higher.
SMCI Technical Analysis
Super Micro Computer looks like it is going to open positive during the session on Thursday. Although this is a market that’s more of a buy on the dip type of scenario. You can see that we’ve been pushing, dropping, and then pushing again. And I think that pattern probably continues. The 50 day EMA is down at the $48.80 level and is rising. So that might be an area where we see value hunting. Regardless, it’s not really until we break above $62 that we are free of overhang. Super Micro Computer continues to be a favorite of traders, but at this point, it still looks somewhat range bound and therefore you probably can get a better price.
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