Technical Analysis (PLTR 1-Hour Chart): Sept. 9, 2024
Palantir (PLTR) is set to join the S&P 500 index on September 23, 2024, which has already led to a price jump of around 7% after the announcement. This inclusion could attract more institutional investors, potentially increasing the stock's liquidity and driving demand higher.
Technical Analysis (PLTR 1-Hour Chart):
Volume Profile: Major resistance at $32.70 and support near $31.64.
Trend: Recent spike towards $33 indicates bullish momentum, but be cautious around the $32.70 resistance zone.
Suggestion: A pullback to $31.64 could offer a better entry. Watch volume and momentum at key levels.
It’s possible that Palantir (PLTR) could experience a "sell the news" reaction after the initial excitement from the S&P 500 inclusion fades. While the news has driven the stock higher, traders might take profits, leading to a pullback in the short term. The key level to watch is $32.70, which could act as strong resistance. If the stock fails to break above this, there might be a retracement to around $31.64 or lower.
I’d suggest monitoring price action closely near resistance levels before making a decision.
Technical Analysis (PLTR 1-Hour Chart):
Volume Profile: Major resistance at $32.70 and support near $31.64.
Trend: Recent spike towards $33 indicates bullish momentum, but be cautious around the $32.70 resistance zone.
Suggestion: A pullback to $31.64 could offer a better entry. Watch volume and momentum at key levels.
It’s possible that Palantir (PLTR) could experience a "sell the news" reaction after the initial excitement from the S&P 500 inclusion fades. While the news has driven the stock higher, traders might take profits, leading to a pullback in the short term. The key level to watch is $32.70, which could act as strong resistance. If the stock fails to break above this, there might be a retracement to around $31.64 or lower.
I’d suggest monitoring price action closely near resistance levels before making a decision.
Nota
Palantir Chairman Peter Thiel to Sell Up to $1 Billion of Stock — Barrons.com
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.