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

By:
Christopher Lewis
Published: Apr 8, 2025, 12:33 GMT+00:00

The three technology stocks in this article are all trying to do whatever they can to recover. After all, we have seen a lot of selling in these names, so a bounce makes sense sooner or later.

In this article:

TSLA Technical Analysis

Tesla looks like it is going to open the day on Tuesday up from its close on Wednesday as we have seen a wild attempt to recover. And now I’ll be watching to see if Tesla can break above the $265 level. Quite frankly, when you look at longer term charts, Tesla has seen a massive sell off, but a lot of this is driven by nonsense. They did miss deliveries, but there is a new version of the Y model coming. And of course, there is a lot of the political theater that involves Elon Musk being involved in the Trump administration.

But the reality is that Teslas are still cars that people buy. They are still seen all over the roads and they will continue to be. They’re one of the best built cars out there. With tariffs coming for automakers, Tesla also finds itself in a unique position because everything’s made in the United States. So that is another reason to think that perhaps Tesla is getting close to the end of the selling. If we can break above that $265 level, it’s very likely that things will turn around, albeit in a very messy manner.

PLTR Technical Analysis

Palantir had a wild session on Monday as we had gapped much lower, then turned around, filled that gap, and went above it. It now looks like we’re going to open higher on Tuesday as well. So, it looks to me at least like the 200 day EMA has offered significant support.

And with that, I think you have to look at this as a market that is trying to do everything it can to continue the longer term uptrend. You can expect volatile moves, but quite frankly, that is going to be something that I can say about any stock. That’s not just Palantir. So, it looks like we are trying to turn things around.

SMCI Technical Analysis

Super Micro Computer looks like it’s going to continue the rally from the Monday session as it looks set to open up about $1.45 or so higher than it closed during the Monday session. Super Micro Computer has been in the midst of trying to build a base for a while. So, it’ll be interesting to see if it can continue. To do so, the 50-day EMA sits just below the crucial $40 level, so I would look at that area for clues.

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About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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