Will PLTR test its resistance or support level?
Today’s instrument is the Palantir Technologies stock traded in NYSE under the ticker PLTR.
Looking at its chart, we can see that it was lastly traded at $7.41. We can also notice the support and resistance levels at around $7 and $8.50.
Today, it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect it to rise towards the resistance level, otherwise it should test the support level at around $7 and if it fails to stay afloat, then it could approach the next one at around $6.50, which will be a good entry point.