Palantir Within an Ascending Channel! Will It Grow More?Palantir Within an Ascending Channel! Will It Grow More?
Since the beginning of the new year the stock market was suffering a lot of losses.
As you can see Palantir is one of them.
Despite the good data they are suffering like all the others.
So the price did not stop the bearish movement.
From the chart we can see that the price is developing within the channel.
The price is actually trying to go up again the first resistance zone will be close at 11.5.
If the price will move above the channel we can see it reach 14.5.
Don't forget that on Aug 8, Palantir has "Earnings Reports" and this could push the price higher again.
We have to keep in mind that Palantir is a very good company and well known among traders.
Thank you and Good Luck!
