Palantir (PLTR) – Correction Time?
Palantir ( 
PLTR ) is completing a cup-and-handle pattern and is now pushing toward its all-time high of $45. However, with the RSI running hot and the 150-day moving average well below current levels, the stock looks overextended. Historically, Palantir tends to see a pullback before earnings, which could present an opportunity for a better entry point.
A gap has formed below, and I expect a potential pullback to the newly created support zone at $29.50.
I believe Palantir is a strong long-term hold, but I'll be watching closely for a correction to enter around $29.51-$31.80.
Do you think Palantir will continue its run to the all-time high, or will the pullback before earnings provide a better entry? How do you see the gap closure playing into the stock's momentum?
PLTR ) is completing a cup-and-handle pattern and is now pushing toward its all-time high of $45. However, with the RSI running hot and the 150-day moving average well below current levels, the stock looks overextended. Historically, Palantir tends to see a pullback before earnings, which could present an opportunity for a better entry point.A gap has formed below, and I expect a potential pullback to the newly created support zone at $29.50.
I believe Palantir is a strong long-term hold, but I'll be watching closely for a correction to enter around $29.51-$31.80.
Do you think Palantir will continue its run to the all-time high, or will the pullback before earnings provide a better entry? How do you see the gap closure playing into the stock's momentum?
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