Palantir! You Are Making The Same Mistake. Tom Nash Stock market
5Palantir! You Are Making The Same Mistake. Tom Nash #stockmarket #stocks #investing #economy market Bitcoin News Bitcoin Crash Crypto News
Hello everyone. Tom Nash shares his analysis of the Plantair stock and overall stock market.
After a five-day losing streak, Palantir's stock is showing resilience, with a 3.1% increase to $90.60, aligning with broader tech sector gains.
Despite this uptick, the stock remains below its all-time high of $125.41, achieved on February 18, 2025.
Recent declines have been influenced by concerns over potential U.S. defense budget cuts proposed by the Trump administration, which could impact Palantir's government contract revenues. However, the U.K.'s decision to increase military spending may offset some of these challenges.
Analysts have identified key technical support levels at $85, $66, and $44, with resistance areas at $100 and $125. These levels may guide investors in navigating current market volatility.
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Credits --Tom Nash
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