Watch These Palantir Price Levels After Stock’s Nasdaq 100 Inclusion
Key Takeaways
- Palantir shares are likely to be in the spotlight on Monday after the Nasdaq announced late Friday that the analytics software provider had been added to the Nasdaq 100 Index.
- The stock has continued to trend sharply higher after breaking out from a cup and handle pattern, though the relative strength index cautions overbought conditions that could lead to near-term price fluctuations.
- The measuring principle, which calculates the percentage change to the cup and handle’s “cup” and adds it to the pattern’s top trendline value, projects a bullish price target of $140.07.
- Investors should watch key lower levels on Palantir’s chart at $45 and a zone of support between $33 and $29.
Palantir Technologies (PLTR) shares are…
