2024-03-22 08:30:00 ET
Summary
- Palantir Technologies has experienced remarkable growth, but investors should analyze the risks and opportunities at the current elevated price levels.
- The technology sector in the US has driven economic expansion, but concerns about market sustainability have emerged.
- Technical analysis suggests that Palantir's stock may be overextended and a retracement or consolidation is likely, prompting a sell position.
- In this technical article, I discuss essential price levels and metrics investors could consider to gain an edge over the stock’s likely price action.
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For further details see:
Palantir: A Tactical Approach For The Stock's Expanded Valuation (Technical Analysis)