Key Takeaways
- Palantir shares hit another all-time high during Tuesday’s session amid optimism that the data analytics software provider will benefit from massive AI spending. Â
- The stock traded within an ascending triangle before nudging above the pattern’s top trendline in Monday’s trading session, potentially setting the stage for a continuation move higher.
- Bars pattern analysis forecasts a potential upside target of around $195 and indicates the shares could continue trending until late August.
- Investors should watch two major support levels on Palantir’s chart around $125 and $107.
Palantir Technologies (PLTR) shares hit another all-time high during Tuesday’s session amid optimism that the data analytics software provider…
