Let’s discuss Palantir Technologies news along with PLTR stock news. Why has PLTR stock been down lately? We will address why Cathie Wood is selling some of her Palantir shares, if you should continue to buy or sell your PLTR stocks, what support level Palantir is currently at right now, why Palantir is set for long term success due to their massive government contracts and why I will be buying more PLTR shares if the stock price drops below $20 price point. Go and press the like button right now for more PLTR stock news, analysis, and price targets, comment what you think about people following Cathie Wood and selling their Palantir shares, turn on subscription notifications to stay informed, and now let’s make you some free money with Webull. First, let’s do a quick recap of what has lead us to Palantir’s current price. PLTR stock has been on a consistent downward trend ever since June 29th but before that Palantir had a strong rally that made it secure gains over the last month. The problem was that PLTR stock ran into a resistance level at $27.49. The stock price just could not break through and sustain itself at or above that price point. However, the good news was that the stock showed good amounts of volume which reinforced the positive bullish sentiment. PLTR stock is still positive for the month with solid fundamentals to back up this price. The moving average convergence divergence indicator also called the MACD signals an overall bullish trend which is good news for us. If PLTR stock can recover from this rally and regain its momentum to break the resistance level at $27.49 we could see $30. So the question is, should we wait for another rally and then start buying PLTR or should we look at this as a dip-buying opportunity. Well, what I am doing is holding for Now until either it gets to $30 where I might take some profits or it if continues to fall all the way down to $20 I would simply purchase more shares. I was looking at the PLTR chart and we have very little volume above $28 with even less volume above $30 so if we can just break into those prices a gap would have to be filled and the stock could rally even higher. The problem now is that the relative strength index also knows as the RSI has moved into the overbought zone so some investors may not feel confident right now to start another rally. Many investors freaked out when Cathie Wood of ark invest sold over 700,000 Palantir shares that were in her ARKW ETF which would be around $18.7 million dollars worth of stock that was sold. However, we need to keep in mind that this is a small amount relative to her overall holding of PLTR. She was just trimming her position and rebalancing her ETF which is a very common occurrence so don’t freak out, Cathie Wood still clearly likes PLTR stock. But even if she did sell all of her PLTR shares it would not impact my personal position in the stock at all because sometimes investors just have different strategies. But what do you all think to comment your thoughts down below, remember to like this video right now, subscribe to stay informed and I will see all of you in the next yt video.
#pltr #pltrstock #palantir #palatirstock
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice and it should not be taken as investment advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment purposes only.
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