Earnings Breakout Potential at Critical Resistance

9 days ago

Chris Marott

"So that's telling investors that right now that's a pretty critical point of resistance that the stock's looking to move past and the next catalyst for that movement is probably likely to be earnings. If the company delivers an earnings report that investors have become used to, then I think you could easily see Palantir blow past that point and then we're talking about that $200 price level and even some analysts have been going above that $200 price level."

The speaker highlights Palantir trading near a critical resistance at around $188 and argues that if the upcoming earnings report meets investor expectations, the stock could break out to the $200 level. This insight underscores the stock's technical setup and the earnings report as the catalyst for further upside.

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