Palantir Technologies’ stock price (PLTR) rose mildly in latest intraday trading after leaning on the support of the 50-day SMA, lending the price some positive momentum, as it tries to breach the important resistance of $98.12, amid the dominance of the main upward trend in the short term, with negative signals from the Stochastic after reaching overbought levels, hindering recent gains.

Therefore we expect the price to rise in upcoming trading, provided the resistance of $98.12 is breached, targeting the next one at $110.30.

Today’s price forecast: Bullish