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Major technology stocks appeared threatened in early trading on Friday, with several names showing technical pressure and key support levels in focus.
Tesla was under pressure, though it had flipped to positive in pre-market trading. Over the past month, the stock’s behavior has raised concerns, with the $350 support level acting like a focal point for price.
Market participants were also watching for a potential breakdown in the 50-day exponential moving average (EMA) below the 200-day EMA, a move often referred to as a “death cross.” The article noted that such a development could lead to additional selling. To turn bullish, it said the stock would need to reclaim the $364 level to the upside.
Palantir was described as “miserable,” with expectations that it would test the $128 support level almost immediately. If that level breaks, the article projected a potential move down to $117, followed by $100.
The next earnings call was identified as occurring on May 11, leaving time before the event. The piece characterized the stock as technically weak and linked the weakness to an ongoing “AI bloodbath,” while also noting that wiping out the losses from Thursday’s candlestick would be a positive sign—suggesting the stock could remain in a range. Without that improvement, it said the setup looked dangerous.
Super Micro Computer was expected to trade relatively flat, though it remained under pressure. The article suggested that weakness across technology stocks could be a dominant theme for the day.
The article also pointed to a broader backdrop involving JD Vance heading to Pakistan to negotiate with the Iranians, adding that Monday was likely to be a key day while Friday could remain choppy.

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