Technical Analysis Of Palantir Technologies Inc.
Image Source: Unsplash
Today’s instrument is the Palantir Technologies stock traded on NYSE under the ticker PLTR.
Looking at its chart, we can see that it was lastly traded at $7.41. We can also notice the support and resistance levels at around $7 and $8.50.
Today, it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect it to rise toward the resistance level, otherwise, it should test the support level at around $7 and if it fails to stay afloat, then it could approach the next one at around $6.50, which will be a good entry point.
(Click on image to enlarge)
More By This Author:
Daily Technical Analysis Of EURUSD - Friday, May 5
Technical Analysis Of Shell Plc
Daily Technical Analysis Of GBPUSD – Thursday, May 4
Disclaimer: Trading is risky. Information presented herein, is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any particular ...
more
Comments
