Palantir Technologies Inc.
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The long red candle indicates an overbought market. Despite the good economic results no new highs could be reached and the week showed beginning profit taking. Most of the market participiants are long and convonced of the good results. They are right and many of them are sitting on good profits. The more profit taking will come in here they will be thinking of taking an increasing part of their profit.
f this is true the chart picture will show a double top and a beginning bear market in the shorter time frame.
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