$PLTR Rapidly Approaching TP1NYSE:PLTR has been extremely bullish since Sept. 25 and has been in a strong uptrend after breaching the orange resistance level. The next key price target, the light blue resistance line, is rapidly approaching. PLTR is a war stock that is benefitting from the new Israel Palestine conflict. Other key events this week are September PPI inflation data and Fed meeting minutes on Wednesday October 11. I think the markets are likely to have some sideways price action on Tuesday in anticipation of the new inflation and fed data.
Pltrcalls
$PLTR Quarter 3 (Q3) AnalysisPLTR has been extremely bullish, and just received a $250 million contract from the US Army this week. I think PLTR has been a very bullish stock in 2023, and I believe PLTR will have a monster Q4 performance. My key price targets are $28.33 and $37. There is short-term resistance at $19.11, but I believe PLTR will break above $19 in Q4.
PLTR:Very close to trend line!Palantir Technology
Short Term - We look to Buy at 9.19 (stop at 7.55)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trend line support is located at 9.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Further upside is expected.
Our profit targets will be 12.96 and 14.00
Resistance: 13.00 / 16.00 / 24.00
Support: 9.00 / 6.60 / 4.00
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