Short
PLTR: Down, unless guidance raised...
I think we'll get a sell the news event.
Past events show us that a down trend, or consolidation prior to earnings meant a trend reversal/big move higher after earnings.
But a run up before earnings typically meant consolidation or a big move down afterwards.
From a technical stand point there seems to be some weakness forming. Currently on a rising wedge with consistent higher highs & higher lows, combined with lower lows on the indicators.
I'm long Palantir although no stock moves up and to the right 100% of the time.
Just sharing my thoughts.
Past events show us that a down trend, or consolidation prior to earnings meant a trend reversal/big move higher after earnings.
But a run up before earnings typically meant consolidation or a big move down afterwards.
From a technical stand point there seems to be some weakness forming. Currently on a rising wedge with consistent higher highs & higher lows, combined with lower lows on the indicators.
I'm long Palantir although no stock moves up and to the right 100% of the time.
Just sharing my thoughts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.