TSLA, PLTR and SMCI Forecast – Three Major Tech Stocks Look Weak in Premarket Trading

TSLA Technical Analysis

Tesla looks like it’s going to open the week on the downside as pre-market trading looks to shed about $15. This isn’t exactly a major meltdown, but it does look like Tesla has gotten a little tired here after what had been a very parabolic move and now finds itself in an area that, quite frankly, has been noisy in the past. So, I think a little bit of a pullback makes a certain amount of sense, and I’ll be looking for some type of drop and then bounce to perhaps start buying again.

PLTR Technical Analysis

Palantir looks like it is ready to drop just below the $125 level again. And therefore, I think you may have some value hunters trying to come in, but we’ll have to wait and see. I would need to see a gap lower and then a bounce in order to get involved to the upside. As far as shorting is concerned, this is most certainly still a very strong uptrend, and shorting this market would be reckless to say the least. So, I do believe Palantir eventually goes higher.

SMCI Technical Analysis

Super Micro Computer looks like it is ready to drop as well, but the 200 day EMA sits underneath, and it should offer a certain amount of support near the $41. If we break down below there, then we could see the 50 day EMA come into the picture near the $37 level. I do think that we have been in a bottoming process for the last six months or so. And we are doing everything we can to break out of it. But I just don’t think we have the momentum yet.

It reminds me of Intel, quite frankly, where Intel has been building a basing pattern. It had a fake breakout. Now it looks like it’s trying to break out again. I think it’s going to be a situation where you’re buying dips and then eventually it breaks out. That’s the hope at least.

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