Palantir Bullish Long-Term Play
Updated
Palantir shares rose to a yearly high near $33 in the evening trading session on Friday, September 6, after announcement Palantir joins the S&P 500 index.
Palantir was one of the strongest contenders for inclusion in the broad market S&P500 index.
This inclusion, as well as Dell (DELL), comes after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier this year.
Technical 1-month graph indicates on Reversed Head-and-Shoulders structure in development.
Potentially it can bring Palantir stocks, up to $100 per share over the next several years.
Palantir was one of the strongest contenders for inclusion in the broad market S&P500 index.
This inclusion, as well as Dell (DELL), comes after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier this year.
Technical 1-month graph indicates on Reversed Head-and-Shoulders structure in development.
Potentially it can bring Palantir stocks, up to $100 per share over the next several years.
Trade active
September 9, 2024
👉 Palantir stock has almost doubled in price in 2024, following AI king, Nvidia Corp. only, that is currently added nearly 116.2 percent year-to-date.
👉 The technical graph indicates that robust gain in Palantir shares has accelerated, being supported with recent S&P500 Index inclusion.
Trade active
September 23, 2024
👉 Palantir stock has surged higher, almost to all the history highs after joining S&P 500 Index.
👉 This time Palantir is +124.6% YTD, now # 3 best outperformer over the all SP500 Index components in 2024.
Trade active
October 3, 2024
👉 Palantir stock has reached new all the history high at daily close, first time since January 27, 2021
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