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PLTR Rallying Ahead of Earnings

Written By: ChartChamp

May 6, 2024

PLTR’s price action has been very different headed into today’s earnings announcement. Usually PLTR drops headed into earnings then has a strong post-earnings rally. This time PLTR is rallying ahead of earnings, and I have concerns that there could be a selloff after earnings. However, PLTR seems like a great long-term investment so I wouldn’t worry too much about gambling around the earnings announcement. PLTR has rallied above the yellow trendline, and the red zone is a key resistance level ahead.

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