Hope you are having a wonderful December to remember. Since our extended move last Monday Palantir has been retracing back to the 20 day moving average with strong resistance at $28.40. We were unable to break that level for four days so we had to flush some people to get back to green. My expectation is going into Fridaywe will retest that level of $28.40, fail and retest to blow the shorts back to $29+.
I am not a magician however I can state my thoughts on what I expect. Take it for what you feel it is worth. As always, wish you the best of luck. If you enjoyed this video and my written summary please hit that like button!NYSE:PLTR
I still feel the levels are valid.
The drop was due to a downgrade by an analyst. The move downside was very minor.