Palantir Treks North Following Break Of Bull Flag: Where To Watch For The Pullback
Portfolio Pulse from Melanie Schaffer
Palantir Technologies (NYSE:PLTR) stock is trading up in the $13 range after breaking up from a bull flag on May 17. Ark Invest has been purchasing shares since the company's better-than-expected quarterly earnings on May 8. Palantir's inside bar pattern leans bullish, and if it closes near the $14 mark, a new 52-week high could be established.
May 25, 2023 | 2:19 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Palantir Technologies (NYSE:PLTR) stock is trading up in the $13 range after breaking up from a bull flag on May 17. The inside bar pattern leans bullish, and if it closes near the $14 mark, a new 52-week high could be established.
The stock is trading up after breaking up from a bull flag, which is a bullish signal. The inside bar pattern also leans bullish, indicating a continuation of the current trend. If the stock closes near the $14 mark, it could establish a new 52-week high, attracting more bullish momentum. Ark Invest's continued purchase of shares also supports the bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100