PLTR: Down, unless guidance raised...
I think we'll get a sell the news event.
Past events show us that a down trend, or consolidation prior to earnings meant a trend reversal/big move higher after earnings.
But a run up before earnings typically meant consolidation or a big move down afterwards.
From a technical stand point there seems to be some weakness forming. Currently on a rising wedge with consistent higher highs & higher lows, combined with lower lows on the indicators.
I'm long Palantir although no stock moves up and to the right 100% of the time.
Just sharing my thoughts.
Past events show us that a down trend, or consolidation prior to earnings meant a trend reversal/big move higher after earnings.
But a run up before earnings typically meant consolidation or a big move down afterwards.
From a technical stand point there seems to be some weakness forming. Currently on a rising wedge with consistent higher highs & higher lows, combined with lower lows on the indicators.
I'm long Palantir although no stock moves up and to the right 100% of the time.
Just sharing my thoughts.
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