TSLA, PLTR and SMCI Forecasts – Tech Watching Rates

Tesla Technical Analysis

The Tesla market looks like it is going to be somewhat flat early during the trading session here on Wednesday as we continue to see a little bit of consolidation below the previously crucial $383 region, which is also backed up by the 50-day EMA and the 200-day EMA as resistance.

That being said, keep an eye on this market because it does have a history of just suddenly spiking to the upside. One thing that would help is if interest rates were to drop, people would start to go a little further out on the risk appetite curve. Breaking above the 200-day EMA could be a signal that we’re ready to go to the upside.

Palantir Technical Analysis

Palantir still looks a little lost and I think still has a floor in it somewhere near $128 right now. It looks like we’re going to drift lower, I don’t like this market at the moment. Earnings are on Monday, so we may just languish between now and then. It’s a bit difficult to get excited just a couple days ahead of earnings unless you’re willing to take that gamble or you’re a longer-term trader taking advantage of a better price, but as things look right now, very neutral.

Super Micro Computer Technical Analysis

Finally, Super Micro Computer continues to just meander around the 50-day EMA. This is a stock that’s going to make a lot of noise around it, there was a criminal investigation with some of the major players and now we have the $30 level above offering resistance.

We do have earnings call on Tuesday after the bell, so maybe that is a catalyst but as it stands right now, this is a market that I just don’t trust. I think you have to look at it through the prism of maybe buying dips for short-term bounces, but really right now that’s about as good as it gets for Super Micro Computer.

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