TSLA Technical Analysis
The pre-market session for Tesla has shown some weakness, and it looks like the market could be right around the 50-day EMA in the blink of an eye. The market should find a certain amount of support here and extend down to the $400 level. The $400 level is an area that I think a lot of people will be watching for a bounce, assuming that we do drop down to that area. On the other hand, if we can turn around from here, then the $470 level could be your target. Tesla remains in consolidation.
PLTR Technical Analysis
Palantir has the look of a market that is going to test the 50-day EMA, perhaps trying to find some type of directionality. Ultimately, this is a market that I do think eventually tries to go to the upside, but there is a lot of volatility out there at the moment, and the overall market malaise probably isn’t helping Palantir at the moment.
SMCI Technical Analysis
Super Micro Computer looks like a stock that is going to continue to drift lower from here, perhaps making a move all the way down to the $32.50 level. We are solidly below the $40 level, which was previous support, so this, of course, is a bad look. Ultimately, the stock market overall looks pretty weak and flimsy at the moment, and in this environment, I don’t expect Super Micro Computer to do well.
I’m looking for stability in the overall markets in general and a bit of a bounce in this stock before I start buying. It has been a nice range-bound market for quite some time, but it could drop all the way down to $28 and still be in that range, so keep that in mind. Overall, just a lot of patience will be needed to play any of these stocks, I think, and therefore maybe watch how the market behaves during the day before simply jumping in.
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