PLTR, SMCI and TSLA Forecast – Major Tech Stocks Drop in Premarket Trading

SMCI Technical Analysis

Super Micro Computer is going to be a little bit negative at the open as well, but it is hanging around the 50-day EMA, and the 200-day EMA sits just below there. I think we probably have a scenario where there are buyers underneath willing to get involved, so it’s possible that a drop and any bounce could end up being a nice buying signal. If we break down below the 200-day EMA, then we could challenge $44, possibly even $40, where there’s even more support from what I’ve seen.

TSLA Technical Analysis

Tesla looks like it’s going to drop a bit during the opening, but that’s not a huge surprise considering that Tesla was threatening a massive breakout the day before. The question now is whether a pullback and a bounce could open up the possibility of finding value. If we can break above the $480 level, then we could open up the possibility of a move to $500.

All things being equal, this is a market that’s been very bullish, and I think short-term pullbacks continue to offer plenty of buying pressure, as support extends all the way down to the crucial 50-day EMA and the $400 level. I look at dips as opportunities, and we may be about to get one over the next couple of days.

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