Watch These Palantir Price Levels After Stock’s Recent Sell-Off | Global News Avenue

Palantir Technologies (bacteria) Tuesday’s stock gained the foundation in Tuesday’s stock as the stock gasped from a three-week downturn, which cost AI investors’ favorites more than a third of its market value.

The company, a key software contractor for the U.S. government, showed in a report last month that its shares have been under tremendous pressure in recent weeks. Pentagon plans to reduce military spending. Recently, sales in technology stocks have been more extensive Tariff uncertainty Talk about potential recession has made investors’ confidence obscured.

Still, some analysts are bullish on Palantir’s outlook, believing that the company’s suite of AI-driven analytics software allows it to benefit from Trump’s White House efforts to improve the efficiency of the administration.

Palantir shares rose 2.2% to close at $78.05 on Tuesday, a rebound from a 10% decline from the previous meeting. this Stocks fell Since setting a record record three weeks ago, 38% of the price remains three times that of a year ago.

Below, let’s take a closer look at Palantir’s Weekly chart And use Technical Analysis Identify key price levels that investors may be tracking.

Retreat from record high

after Bearish swallowing pattern Last month, the stock record was highly recorded, with Palantir’s stock falling as it increased Trading volumeuse bearish Price action Continue to enter this week.

Although it has been recently Relative Strength Index (RSI) The index remains above the key 50 threshold, at a position that usually corresponds to the low points of several keys answer It can be traced back to early 2023 on the chart.

Let us identities have three vital importance Support level Watch the potential for further sales, while also pointing out several important overhead areas that may be monitored during possible growth.

Key support levels to watch

The first lower support level to watch is about $66. Stocks may encounter purchase interest in the sector for a short period of time merge In early November, this also coincides with the trough in mid-January.

Further sales could put the stock down to $44. This position on the chart is currently just below the 50-week moving average and can provide nearby support Side drift This is the stock’s post-election surge.

More important correct The critical level 30 can be improved in stocks. Investors may look for Entrance point In the area near July peak and September last year groove.

Important elevated areas for monitoring

During a stock rise, investors should initially monitor the $85 level. Stocks near the closing price last week may experience sales pressure in the region, which also corresponds to the stock’s late December.

Finally, recovery above this level can inspire assembly To around $121, the position on the chart may face Resist The first bar in bullish swallowing mode and beginning Its second bar.

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