Overpriced Growth stock with a promising future company Palantir
We're at the YTD chart. The Supertrend indicator has it as sell. The RSI shows it has developed a trend and if it plays out. Palantir will find the buying pressure it needs to turn the Supertrend indicator signal to a Buy.
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It broke a trend line and now is in an area that is less predictable. It can go to $14 or even the $7 range or with a news event and smashing earnings it can soar. Unpredictable to say the least.