PLTR, MSFT and AAPL Forecast – Major US Tech Stocks Somewhat Mixed in Premarket

PLTR Technical Analysis

Palantir initially pulled back just a bit but continues to go parabolic to the upside in pre-market trading as we are going to open up just a bit higher than the close on Monday, which quite frankly was pretty stout. The fact that we turned around and broke above the top of a shooting star on Monday suggests that there is more upward momentum, but I would keep in mind that there’s a massive gap below that could get filled. And if that weren’t happening, we could drop all the way down to the $84.50 level.

Now I don’t think that happens anytime soon, but it is something to keep in the back of your head. Regardless, Palantir can only be traded to the upside at this point in time. And if we do pull back, you have to be looking at it through the prism of a potential buy on the dip type of opportunity.

MSFT Technical Analysis

Microsoft finds itself a little bit down in the pre-market hours, but there is a major uptrend line that we are getting close to that I think is worth paying attention to the $400 level underneath is a major psychologically significant round figure that I think comes into the picture as well. So, I do think that the selling in Microsoft is getting fairly close to being done. But as things stand right now, it just looks like it’s in a bit of a malaise, despite the fact that earnings and revenue both beat estimates.

AAPL Technical Analysis

Apple is opening lower. It looks according to pre-market trading, but we have the 200 day EMA and the $225 level both offering significant support. So, I think the downside’s probably somewhat limited here as well. I do believe that there will be quite a few value hunters out there willing to jump into Apple, but it is worth noting that the dividend date was yesterday.

So, everybody got their 25 cents a share, and now we refresh the cycle. Ultimately, I do think that you’re looking for a basing pattern and a couple of days’ worth of stability, followed hopefully by an impulsive candle to the upside as a sign that Apple is going to start climbing again.