Straight into Resistance

Palantir released earnings after the bell, link here.

The magenta line shows how the ‘good news’ is being received.

As of this post (6:40 p.m., EST) price action is in a narrow range, hitting the underside of resistance, near a downtrend line (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279