Palantir Technologies Still Inside The Rectangle Box

The stock shows relative strength against software peers even as the broader tech sector pulls back.

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Palantir Technologies (PLTR) still inside the rectangle box, and tested for the second time in the last three days an attempt at a breakout, but couldn’t push through. Volume has been very light inside of the consolidation and no real volume bursts have come about to support PLTR’s attempted move higher.

Palantir Technologies (PLTR) nearing a rectangle breakout.

The software sector continues to consolidate of late, but PLTR showing relative strength against its industry. Tech sector though has been in a near-two week pullback and yet to show it is ready to resume the uptrend.

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