TSLA, PLTR and SMCI Forecast – Tech Stocks Quiet on Thursday

The 50-day EMA sits just below and should offer support, and of course, the bottom of the triangle will as well. This is an uptrend that hasn’t changed despite the fact that people freaked out the other day. This is still a market that I’d be a buyer of dips in, and I would be looking for value on moves just like this.

SMCI Technical Analysis

Super Micro Computer looks like it’s going to be pretty flat as we open, but right now, I think you need to be paying close attention to the $40 level. It’s an area that’s been pretty significantly supported a couple of times here, and I would be looking for some type of reaction in that general vicinity. If we don’t react there, we could drop all the way down to about $28. We’ll just have to wait and see.

A bit of a bounce could send this thing looking toward the 200-day EMA at $46.27. But again, only time will tell. We have to recognize that this is a market that has been a bit of a laggard when it comes to some of these tech stocks, as it’s basically range-bound. That’s okay, though. If you’re patient enough, you can play that range and take full advantage of it.

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