Watch These Palantir Price Levels as Stock Retreats From Record High
Key Takeaways
- Palantir shares fell again Thursday after plunging 10% yesterday following a report the Trump administration has directed the Pentagon to make sizable cuts to the U.S. defense budget.
- Yesterday’s price action completed a bearish engulfing pattern. a candlestick formation indicating a shift in momentum.
- Investors should monitor support levels on Palantir’s chart around $100, $85, and $66.
- Bars pattern analysis, which takes the price bars comprising the stock’s uptrend from early November to late December and overlays them from our support level at $100, projects a price target of around $170.
Palantir Technologies (PLTR) shares tumbled Thursday after plunging 10% yesterday following a report the Trump administration has…
