Watch These Palantir Price Levels as Stock Retreats From Record High | Global News Avenue

Palantir Technologies (bacteria) Stock loss after a crash on Thursday High record Yesterday, before reversing the course and closing 10%.

After the decline in the later period, the report said Trump administration commands the Pentagon To cut the U.S. defense budget significantly. The move could negatively impact military contractors such as Palantir, which more than 40% of Palantir’s fourth-quarter revenue came from the U.S. government, and recently Extended contract with the U.S. Army.

Despite the sell-off, Palantir stock trade has nearly 50% since the beginning of the year to Wednesday, and has soared nearly 400% over the past twelve months. Investor sentiment is expected to be somehow expected that the company’s AI-driven analytics software can help the company Trump administration’s efforts to improve government efficiency.

Next, we break down technology On Palantir’s chart and identify key price levels that investors may be monitoring.

Technology signal momentum shifts

Palantir stock continues to trend higher for most of February amid profit-oriented scenario Break through the gap Above Ascending triangle Earlier this month.

However, after the stock rally to new deals, the momentum appears to have changed at Wednesday’s trade fair Highest history (ATH) Before reverse the course and close the previous day’s low, form a Bearish swallowing pattern In the process.

Also, with the price yesterday’s high Relative Strength Index (RSI) Make a relatively shallow peak bearish Differencesa technical signal that purchasing activity has weakened.

Let’s identify three key price levels that stocks may encounter support And apply bar chart tools to project potential rise Target if the stock resumes its long-term uptrend.

Key support levels to monitor

Palantir shares fell 3% in recent former market trading to about $108.

Further sales can see stock tests psychology $100 level. The area on the chart may also provide support near the meeting lows of Breakaway Gap Day.

this Bull’s Stocks that do not defend the region may drop to around $85. Investors may seek Entrance point Nearby locations 50-day moving average and the top trend line of the rising triangular pattern, the region can shift from previous resistance to future support.

More important correct Stocks may trigger a drop to $66 level, and a region on the chart can attract nearby support Horizontal line This links the mid-November peak with the last month’s peak Swing low.

Bar mode upward target viewing

To project the target to see if Palantir returns to its upward trend, investors can use the Bars Pattern tool, which analyzes previous technologies trend Predict future directional movements.

For example, if we take the price column, including the stock uptrend from early November to late December – also following the profit-oriented breakup gap – and covering it from our support level to $100, the tool’s goal is about 170 USD, about USD 52, about USD 52. More than the closing price on Wednesday.

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As of the date of writing this article, the author does not own any of the above securities.