PLTR, SMCI and TSLA Forecast – Tech Stocks Look to Recover on Wednesday

The question is, can it rally to the upside for a bigger move? It certainly looks like it. This is very much going to be a buy on the dip scenario from everything I see on the chart.

TSLA Technical Analysis

And finally, Tesla looks like it’s going to rally again based on pre-market trading. As we continue to see, upward momentum after the ridiculous sell-off due to the social stigma, I guess, of Tesla. And at this point in time, it looks like that’s in the rearview mirror. I haven’t seen an online clip of somebody vandalizing Tesla in two weeks, and you can see what’s happened.

So, at this point in time, I think Tesla continues to go higher. It probably reaches the all-time highs eventually, but we are approaching a cluster that could be very noisy, so expect pullbacks. Those pullbacks should be nice buying opportunities.

For a look at all of today’s economic events, check out our economic calendar.