Palantir Technologies (PLTR) (PTLR) breaking through a lot of heavy areas of resistance following its earnings report.
First you have the declining channel breakout that it previously traded in for roughly ten months. That was a big break in and of itself, but then you have a 200-day moving average that has rejected price on its previous four attempts to break through. Then after that PLTR has massive resistance at the 161 area that it has managed to glide right past.
And finally, you have the technology sector that has managed to rally about 12% in less than four days, and the software sector that is up eight straight days. To say the least, it has been quite a bullish moment for this stock.
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