To be sure the stock looks to be overbought, but this has been the situation since mid 2024.
Local demand along with current political / conflict situations in the Middle East and Eastern Europe have so far outweighed this warning sign, bolstering product demand and stock value.
When a true correction occurs is anybody's guess and highly dependent on multiple technical, political and global factors.
This makes the stock an attractive trade-play, but an uncertainty in the long term, perhaps justifying #ARK's strategy.
Modify on 2025-06-07 21:05
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- Tiger_comments·2025-06-05Definitely overbought. Just hard to predict when to collapse. Palantir is crazy right now[Smile]LikeReport
- Venus Reade·2025-06-07PLTR is a brilliant company with major tailwinds ahead!LikeReport
- Mortimer Arthur·2025-06-07give it a day or two, the stock will go back to 130sLikeReport
- Marialina·2025-06-05Great insights! Always enjoy your perspective! [Heart]LikeReport
