Palantir secures $250M Army contract that explains the rise today.
Source:
https://seekingalpha.com/news/4015614-palantir-secures-250m-army-contract
According to the chart, bullish divergence is spotted and double bottom signifies a bullish trend.
The 50 day moving average is still above the 100ma and 100 day ma is still above 200ma so it is still on an uptrend despite the recent pullback.
The worst month for stocks is almost coming to an end and October will be a good month for stocks (according to past history but nothing is guaranteed).
Anyway PLTR is not inside S&P500.
As always DYODD this is not a financial advice
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
Great ariticle, would you like to share it?