Source: TradingView.com
Palantir’s stock is set to shine on Monday following its inclusion in the Nasdaq 100 Index, as announced by Nasdaq late Friday.
The stock has been on a strong upward trend since breaking out from a cup and handle pattern, but caution is advised due to overbought conditions indicated by the relative strength index.
A bullish price target of $140.07 is projected using the measuring principle applied to the cup and handle pattern.
Investors should keep an eye on key support levels at $45 and a support zone between $33 and $29 on Palantir’s chart.
Palantir Technologies (PLTR) shares are expected to attract attention after being added to the Nasdaq 100 Index alongside MicroStrategy (MSTR) and Axon Enterprise (AXON).
2024-12-15 22:03:36
Original article from finance.yahoo.com
