Long
Cup & Handle on the Daily
The Daily chart continues to show an upward trend with bull volume being higher on average. The support at the $20 range has held and it looks like we will be making a push to $30 by the end of August/September.
In my opinion this looks like a large cup and handle. Palantir as a company has received government contracts, and with the A.I space only growing. Palantir has positioned itself as a future long-term partner of the United States government along the likes of Northrop Grumman or Raytheon.
In my opinion this looks like a large cup and handle. Palantir as a company has received government contracts, and with the A.I space only growing. Palantir has positioned itself as a future long-term partner of the United States government along the likes of Northrop Grumman or Raytheon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.