TSLA, PLTR and SMCI Forecast – Major Tech Stocks Look Positive in Premarket

TSLA Technical Analysis

Tesla looks like it’s going to jump in pre-market trading again on Wednesday, as we are getting ready to clear a pretty significant resistance barrier. If, in fact, we can continue to go higher from here, there is a little bit of noise here and there, but it looks like a stock that will probably head towards the all-time highs again. Short-term pullbacks should be thought of as potential buying opportunities in Tesla, and quite frankly, I just don’t see an argument for trying to short this stock. It looks like it’s ready to take off, and without a whole lot of imagination you could probably view what just happened as a breakout of a bullish flag, which could lead to a move to the $430 region.

PLTR Technical Analysis

Palantir also is slightly positive, but it’s in a bit of consolidation at the moment. I do think that given enough time, we probably rally here as well, as we are in the midst of forming something that kind of looks like a bullish flag. We’ll just have to wait and see. But it is certainly bullish at the moment as we have recently rallied and now, we’re working off some of that froth. I would point out that we have not pulled back very significantly, and that in and of itself is a bit of a victory for those who are bullish on Palantir.

SMCI Technical Analysis

Super Micro Computer looks as if it is going to rally on Wednesday at the open as well, as we’ve managed to stay above the 200 day EMA. It looks as if we are going to try to reach the $50 level again, and if we can break above it there, it could very well open up a move to the $65 level. Short-term pullbacks at this point in time should see plenty of support at the 50-day EMA near the $37 level, and then again at the $30 level and the $25 level, which has been the bottom of massive support.

I do think we’re in the midst of trying to turn things around and break out of this consolidation range that we have been in for quite some time now, almost nine or 10 months. But if and when we do, it really should start to lead to a big move, perhaps to the $75 level.

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