Technical Analysis: Palantir (PLTR)
Timeframe: Daily
Chart Pattern: Resistance breakout
Breakout Level: $20
Target Price TW : Max 25 Avg 15.66
Breakout Point: There appears to be a breakout at the resistance level, which was previously set around $20.00. The price has moved above this level and is currently at $20.49, indicating a successful breakout.
Indicators...
Corporate earnings growth, a dovish Federal Reserve, and a healthy labor market are all pointing to a strong Christmas bull market in 2023.
Analysts are expecting earnings growth of 10% for the third quarter of 2023. This is a significant improvement over the second quarter, and it suggests that the economy is continuing to grow at a healthy pace.
In addition,...
🔥 **Burning Point of Interest:**
The FTSE MIB, Italy's premier market barometer, has gracefully touched the 100-day Exponential Moving Average (EMA). For those in the know, this is not just a number but a *trend-defining moment*. Let’s dive deep and see what this rendezvous means for traders.
**Stats Don't Lie:**
In the past 6 months:
- 3 times the FTSE MIB...
