Terrible month for the tech sector and the whole market. After staying as a favorite pick for many thanks to the support from Cathie Wood as well, Palantir was a one-stop to go for the investors. However, now it is one of the most negatively affected stocks that lost a good amount since the recent recession in the tech sector. But here we are, at a strong support point standing at 18.00.
-What now? We see possible 2 supports that can bring the PLTR back on track again. One at 18.00 and the second at 14.00. Well, hopefully, we won't see it dropping to the 14.00 but it looks like these 2 points are the only way out of this situation.
@caldooninvestment, It may be recovering RIGHT NOW..earnings beat expectations and that is what this needs. Maybe not significant move up..but its already down so much..look for some comeback today..or that is IT. Done. TP say for today 21.00
Earnings beat estimates, but the stock is down by 11% of course, investors went lunatic about the tech sector.
gkors12
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If small caps post great earnings with good guidance will it help reverse this crushing downward trend? Small caps are extremely oversold but I'm not sure we have seen a bottom