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Palantir: sell signal fades as the sector gathers momentum

Sell signal at week 6 on Palantir, with strength down to 3 out of 100 and the confirmation week closing bullish. Our model flags trading as not recommended: conditions do not support new short positions.

In Summary
Palantir Technologies Inc. Class A is in the 6th week of its sell signal, with strength down to 3 out of 100 and the confirmation week closing bullish. Our model flags trading as not recommended: conditions do not support new short positions. For anyone already in the trade, the discipline suggests exiting.
Sell signal in observation ·5th week from start ·US stocks ·T2
IQS Phase
57
ordinary
Signal Strength
3
low · fading
Sizing
MINIMUM
Ranking
#61 / 80
US stocks sell signals
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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