SMCI, PLTR and CRWV Forecast – Stocks Quiet in the Premarket Hours of Tuesday

SMCI Technical Analysis

Super Micro Computer has very little to say in pre-market trading as we are hanging around in the same area that we were hanging around at the end of the previous session on Monday. Ultimately, we are sitting just above the 200 day EMA and the 200 day EMA could very well be a significant support. The $50 level above is a major barrier. And if we can break above there, then market participants could go looking into pushing this market towards the $60 level. Short-term pullbacks, we’ll look at not only the 200 day EMA but also the 50 day EMA, which currently sits right around the $40 level as support. I do think that there are more people interested in buying than selling at the moment, but there isn’t a whole lot to get things moving.

PLTR Technical Analysis

Palantir looks like it is going to rally ever so slightly at the open on Tuesday, but this is a market that might be a little bit stretched. We finally broke out of that consolidation area that we had been in. And now it looks like we’re going to try to get to the $150 level. That doesn’t mean that it will be easy, but I think that’s eventually where we get to. The 50-day EMA is now at the $120 level, which was the bottom of that consolidation area. So, watching that, I think you are seeing a move to the upside at this point, that is going to continue to play out, although it will be very noisy.

CRWV Technical Analysis

Finally, we have CoreWeave, which looks like it is going to pull back just a bit in pre-market trading. But at this point, I suspect we have more consolidation than anything else going on, with perhaps $140 offering a bit of support and most certainly $165 offering significant resistance. This is a fairly new listing, so we don’t have a whole lot of historical information to go off of, but it’s worth noting that we shot straight up in the air and it certainly looks as if pullbacks will continue to be supported based on previous action. The $125 level underneath there also offers support. So, I don’t really have any interest in shorting this market, but I would be interested in buying dibs.

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