Palantir Technologies (PLTR) spent most of the year in decline, and then managed to make a run of over 50% here over the last two months.
It has followed a similar path to that of the software industry (IGV), all the while exaggerating the upside move. Now with this mini pullback, it finds itself sitting on a long-term price level support and a developing short-term trend line that isn’t necessarily well established at this point.
However, PLTR will need to bounce at these converging levels to keep the momentum going.
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