PLTR, MSFT and GOOGL Forecast – US Major Tech Stocks Quiet in Premarket Trading

PLTR Technical Analysis

Palantir looks like it’s going to open up a little bit lower, which quite frankly, I think it needs to. We are getting to the point where we are basically just straight up in the air, and a pullback is going to be necessary sooner or later. And in fact, you’d have to drop basically 20-ish percent to get back down to the top of the gap from just a couple of weeks ago.

We could drop as low as $84 just to capture the entire gap being filled and then bounce, the 50 day EMA sits there as well. And well, I don’t necessarily say that’s going to happen. It’s very well within the realm of possibility. Because of this, I’m looking for some type of pullback before I get bullish about this market again.

MSFT Technical Analysis

The Microsoft premarket looks like it’s going to open up right about where it closed, maybe down just a few cents, but it is worth noting that we are right here on this major uptrend line. It’ll be interesting to see if we can hold the $400 level because I think that’s where the battle line has been drawn.

If we get a little bit of upward momentum, the 200 day EMA sits up there waiting to cause problems and a break above there opens up the possibility of a move all the way to the $445 level. If we do break down below $400, we will probably drop to 380 before seeing any real hint of support.

GOOGL Technical Analysis

Alphabet looks like it’s going to open up right around where it closed as well, maybe just a touch higher. And at this point in time, if the market can reach the $187.50 level, it’s going to encounter a bit of resistance, but breaking above there would be a very good sign for Alphabet.

Keep in mind that we’ve had earnings calls recently, and Alphabet is no different, but at this point in time, I think it’s probably only a matter of time before the buyers come back in and pick up this stock, as Google has been a stalwart for years, and I just don’t see that changing now. The candlestick for the trading session on Tuesday was a bit of a hammer, so I’ll be watching this one closely.