Sell signal under management for 25 weeks, above 21% profit
Palantir climbs 4.4% as buyers retake control off the EMA20 bounce
Sell signal under management for 25 weeks, above 21% profit
Our view last week
Last week's 14.5% bounce on Palantir didn't hold: a bearish engulfing candle brought sellers back in control, with 86% of volume on the sell side and money flow turning negative again. That's exactly the risk flagged a week ago, when overall volume fell even as price climbed. In our Palantir technical analysis the short stays under management, above 25% in profit.
This week's summary
Palantir shares closed the week up 4.4%, with buyers back in the driver's seat: 68% of volume on the buy side, against 86% on the sell side just a week ago. The bounce came off a touch on the daily EMA20, in the 130 area, and price is now boxed between first support around the 132 area and first resistance just above, in the 132.5 area. In our Palantir technical analysis the short stays under management, above 21% in profit.
IQS Phase
56
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#133 / 140
US stocks
Trade P&L %
+21.95%
from signal to today
restricted Platinum content