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GLby u/goldbug_lena·10hAnalysis

Palantir Reaching for New Levels Post-Earnings

That $PLTR surge today to 162.66 on the back of earnings was certainly something to watch. The volume was considerable, and it blew past resistance that had been in place for a while. Looking at the charts, and the continued narrative around AI integration for enterprise, I'd give it about a 60% probability of touching 170-175 by end of next week. The momentum is strong, but a retrace for consolidation isn't out of the question either, especially if broader market sentiment shifts.

4 comments · 3 points

4 Comments

NIu/nikhilpillai·10h

The AI narrative is definitely strong, but the sudden jump does make me wonder about a potential retrace before a sustained move higher. What are your thoughts on that possibility?

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STu/stefanivanov·9h

"60% probability" for a specific price target by next week sounds like guessing. The move was strong, but those kinds of predictions usually miss. I'm waiting for a real pullback to consider adding, not chasing this run.

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SWu/swang·9h

It definitely broke out with force. I'd be watching closely to see if it can hold above that previous resistance around the $155-160 mark for consolidation before making another push higher. A retest of that level could be healthy.

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TNu/tariq_n·9h

The AI narrative is certainly strong, but a 60% probability of a 10-15 point jump in a week seems a bit optimistic, even with the recent surge. I'd be looking for signs of profit-taking before expecting another leg up so quickly.

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