PLTR, AAPL and NVDA Forecast – US Major Tech Stocks Down in Premarket Trading

PLTR Technical Analysis

The Palantir stock has dropped somewhat in the pre-market trading as we continue to see a lot of noise and a lot of profit taking. So now the question is, will the higher interest rates in America continue to cause headaches for some of these highflyers? I think the answer might be yes, actually.

Although we are in an area where I would expect to see a little bit of support based on the 50-day EMA. So, we’ll see. There is a cluster just below and extending all the way down to the $60 level that could offer an area from which to bounce.

AAPL Technical Analysis

Apple opening lower, it appears, as we had a nice bounce at the end of the day Friday. So, the question is, will we get more of the same on Monday? If we do, that might actually be just confirmation of that potential bounce and potential recovery. If we continue to drop from here, we could drop to the $220 level. It’s probably worth noting that we’ve got a little while, basically two weeks for the earnings call and Apple always gets a little squirrely around that time.

NVDA Technical Analysis

Nvidia continues to face major problems with the idea of where they can export to and the AI chips, of course being front and center for tariffs restrictions the like, so we’ll have to wait and see how that plays out, but it looks like it’s going to open down again as it is pressuring a major support level. The question at this point is whether or not it can turn around and bounce.

It is still very much in an uptrend, so I would not get short of the market, but you need it to prove itself, perhaps recapturing the 50-day EMA before you start risking money to the upside as well. A lot of people are probably going to be talking about this as your opportunity to buy on the dip. I could buy that, but I also recognize that I want to see the market react a little bit before taking the risk.