TSLA, PLTR and SMCI Forecast – Tech Stocks Quiet in Premarket

TSLA Technical Analysis

The Tesla market looks like it is going to drop a little bit in pre-market trading. It’s not a huge surprise considering that we formed a massive shooting star during the Monday session. So, I think that we will pull back from here, but I also recognize that there should be plenty of buyers underneath. The $420 level has offered major support and therefore a drop will more likely than not would offer some type of buy on the dip, maybe about value hunting type of situation. Alternatively, if we break above the top of the Monday shooting star, that’s a very bullish sign as well.

PLTR Technical Analysis

Palantir looks like it’s going to be a little softer at the open here on Tuesday, but ultimately, the $175 level so far has acted as decent support over the last couple of trading sessions. Even if we drop below there, I think you’ve got a situation where the 50 day EMA comes into the picture at $164.12 and rising. So, I do think that there’s plenty of support underneath for Palantir. Right now, I think we’re just working off some excess froth from the previous couple of weeks.

SMCI Technical Analysis

Super Micro Computer looks like it’s going to open a few cents lower than it closed and much like the rest of the stocks in this analysis, it looks like it wants to go sideways. We are sitting just above the 50 day EMA and the 200 day EMA indicators. So that, of course, attracts a certain amount of attention. If we can break above the $50 level, then it’s likely that we will really take off in this market. But right now, we are trying to sort out where to go next. Currently, we’re just chopping back and forth, and I think trying to kill time. Keep in mind the jobs report on Friday, so the stock market could be somewhat quiet over the next couple of sessions in general.

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