Chart of the Day: Palantir Stabilizes Above Old Highs

By
David Russell
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177

Palantir Technologies has advanced as investors embrace AI and non-government customers embrace its products. Is its current pullback offering an opportunity?

The first pattern on today’s chart is the pair of rallies after the last two quarterly reports. Those may reflect …

For more, please click here to view the related idea and chart analysis on TradingView.

Palantir Technologies (PLTR), daily chart, with selected patterns and indicators, courtesy of TradingView.
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David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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