Palantir Technologies stock declines

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The stock price of Palantir Technologies has reached the 18.00 mark and the support zone of the 2020 December and 2021 May low levels. Meanwhile, note that the asset has been declining in a channel down pattern.

A move below the support zone could result in a new 2021 low. In addition, the price would have no support as low as the 2020 November low level at 14.00. Although, take into account that the round price levels like 17.00, 16.00 and 15.00 might also provide support.

However, a recovery of the price would have to break the resistance of the channel down pattern, before step by step returning to the 2021 post-March high level zone at 26.30/27.50.
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