Palantir's Stock May Have Just Broken Out Of Old Bearish Pattern

Benzinga2021-04-14

Palantir Technologies Inc. rallied 8.91% on Tuesday to close at $25.42.

Palantir closed up 8.91% at $25.42 Tuesday.

Palantir Daily Chart Analysis:The daily chart shows Palantir is trading in a channel. The stock looks to have broken above a head-and-shoulders pattern previously written about.

The chart looks to have support near the $20 level. This is a previous resistance level that the stock was able to break out of, then later found support near multiple times. This area may hold as support again in the future.

The stock has shown resistance near the $30 level multiple times. The stock was able to break above this level for a time, but when it fell back to the level to test it as support, it failed to hold.

What’s Next For Palantir?Bullish technical traders would like to see the stock form higher lows up to the resistance level. If the price is able to cross above the resistance level and consolidate, the stock may be able to see a further upwards push in the future.

Bearish technical traders would like to see the stock fall back to the support level and fail to hold. A cross below the support level with some consolidation might allow the stock to see a further push downwards.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

gneh
2021-04-16
gneh
Time to fall further
Vincentvlwp
2021-04-14
Vincentvlwp
Consolidated enough... Time to ?
Irene104
2021-04-14
Irene104
Can buy? Respond pls to earn pts. Many thanks!
- nicongsg:
  Awesome
- 2Ez4Atreezy:
  [龇牙][龇牙]
gohgohgoh
2021-04-14
gohgohgoh
?
KENHOR
2021-04-14
KENHOR
Soar PLTR!
- KENHOR:
  Cheers!
- 股神徒孙:
  Nice!
ArkInvest
2021-04-14
ArkInvest
nice will contine to hodl

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Time to ?&nbsp;","listText":"Consolidated enough... Time to ?&nbsp;","text":"Consolidated enough... Time to ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344187002","repostId":1190323559,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":344379466,"gmtCreate":1618381567255,"gmtModify":1704709941990,"author":{"id":"3579485832735627","authorId":"3579485832735627","name":"Irene104","avatar":"https://static.tigerbbs.com/51a81271b5c1b4f1ca7b728f547fc3ba","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579485832735627","authorIdStr":"3579485832735627"},"htmlText":"Can buy? Respond pls to earn pts. Many thanks!","listText":"Can buy? Respond pls to earn pts. Many thanks!","text":"Can buy? Respond pls to earn pts. Many thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/344379466","repostId":1190323559,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4036210,"gmtCreate":1618416388040,"gmtModify":1680784067007,"authorId":3577070515143054,"author":{"id":3577070515143054,"idStr":"3577070515143054","authorId":3577070515143054,"name":"nicongsg","avatar":"https://static.tigerbbs.com/cd85bfe2ce3e71f1f08d1ea49ae030aa","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":344379466,"type":1,"supId":4032234,"prevId":0,"content":"Awesome","text":"Awesome","html":"Awesome"},{"id":4032234,"gmtCreate":1618385698703,"gmtModify":1680784000848,"authorId":3568797570179286,"author":{"id":3568797570179286,"idStr":"3568797570179286","authorId":3568797570179286,"name":"2Ez4Atreezy","avatar":"https://static.tigerbbs.com/d31904aa43021f7c7dd80b9243d9c970","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":344379466,"type":1,"supId":0,"prevId":0,"content":"[龇牙][龇牙]","text":"[龇牙][龇牙]","html":"[龇牙][龇牙]"}],"langContent":"EN"},{"id":344357702,"gmtCreate":1618380236306,"gmtModify":1704709925440,"author":{"id":"3577691566106951","authorId":"3577691566106951","name":"gohgohgoh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577691566106951","authorIdStr":"3577691566106951"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344357702","repostId":1190323559,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":344350118,"gmtCreate":1618379136434,"gmtModify":1704709913121,"author":{"id":"3574942695788879","authorId":"3574942695788879","name":"KENHOR","avatar":"https://static.tigerbbs.com/400042174e228106c7a925ee1211617f","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"3574942695788879","authorIdStr":"3574942695788879"},"htmlText":"Soar PLTR!","listText":"Soar PLTR!","text":"Soar PLTR!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/344350118","repostId":1190323559,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4081048,"gmtCreate":1618896705517,"gmtModify":1680784769671,"authorId":3574942695788879,"author":{"id":3574942695788879,"idStr":"3574942695788879","authorId":3574942695788879,"name":"KENHOR","avatar":"https://static.tigerbbs.com/400042174e228106c7a925ee1211617f","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":344350118,"type":1,"supId":4032245,"prevId":0,"content":"Cheers!","text":"Cheers!","html":"Cheers!"},{"id":4032245,"gmtCreate":1618385821586,"gmtModify":1680784001004,"authorId":3573474804628073,"author":{"id":3573474804628073,"idStr":"3573474804628073","authorId":3573474804628073,"name":"股神徒孙","avatar":"https://static.tigerbbs.com/ac59f7fc64d3e018af70687bdddf30c2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":344350118,"type":1,"supId":0,"prevId":0,"content":"Nice!","text":"Nice!","html":"Nice!"}],"langContent":"EN"},{"id":344319315,"gmtCreate":1618374739637,"gmtModify":1704709859007,"author":{"id":"3559463359065359","authorId":"3559463359065359","name":"ArkInvest","avatar":"https://static.tigerbbs.com/6dfcf7df27430673110d69ba1374e540","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3559463359065359","authorIdStr":"3559463359065359"},"htmlText":"nice will contine to hodl","listText":"nice will contine to hodl","text":"nice will contine to hodl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/344319315","repostId":1190323559,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":24,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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