PALANTIR ON AN INCREDIBLE BULLRUN ! BUT...

10 Kas

But be careful—this does not justify the price at all. Although Palantir has very solid numbers in its balance sheet, this does not justify a valuation at such an overvalued price could be very dangerous !

We must consider that markets in general are bullish, and the results of the latest report recently showed that it remains a very solid company in terms of sales. However, its earnings numbers are average—they meet analysts’ expectations, but by a very narrow margin. Historically, this has been the case in past reports as well.

Now, let’s get back to the technical analysis of Palantir.

After its report, it managed to break through that institutional zone that marked its peak 3 years ago (2021). After bouncing off the imbalance for a second time, Palantir showed a lot of strength and reached new highs.

From here on, we just need to wait for a pullback soon to start analyzing a possible support level.

Right now, Palantir is in no man’s land, which makes it a bit difficult to predict its next move. The only thing we can do here is to follow its movement candle by candle, staying alert to wicks and immediate zones where it might pull back.

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