TSLA, PLTR and SMCI Forecasts – US Tech Giants Mixed and Sluggish Early

Tesla (TSLA) Technical Analysis

The market for Tesla looks like it is a little bit negative at the moment in early premarket trading, but I do think that the 200-day EMA and the $383 level both offer support. I do think it’s probably only a matter of time before we start to see a significant attempt at least to hold this support level. I do think that Tesla eventually does bounce, but it’s more or less going to be a situation where we need risk appetite to pick up.

Palantir (PLTR) Technical Analysis

Palantir looks pretty miserable as it hangs around the $128 level again, and it does look like the 50-day EMA is getting ready to cross over, kicking off the so-called death cross. If we break down from here, the $120 level could be a target, followed by the $110 level.

I do think that we are in the midst of at least trying to stabilize, but we don’t have enough momentum yet to get excited about buying this stock. Caution would probably be the better part of valor here as we’re waiting for something.

Super Micro Computer (SMCI) Technical Analysis

The market for Super Micro Computer is a little bit positive in premarket trading after a really ugly session on Monday. The $30 level should continue to be a bit of a floor in the market. We’ll have to see if buyers return again. So far it looks like they will.

If we do push higher, I suspect that Super Micro Computer will see a bit of a barrier at $35. $35 has been like a ceiling since December. Breaking that would obviously be a very bullish turn of events, but we’ve got some ways to go before we actually start talking about that. Buying on the dip seems to be what they’re doing early on Tuesday though.