Palantir is Riding a Perfect Uptrend Channel

Palantir has been showing an impressive bullish trend lately.
What’s fascinating is how, from 2023 to 2024, it built a price channel, and after a strong rally, it continued respecting that same channel structure, with the same slope and rhythm, just at a higher price level.

As long as price remains inside this channel, I think the best move is to hold.

Right now, as Palantir approaches the mid-channel zone (blue dashed line) and faces a key resistance that could break soon, it looks like an interesting buy opportunity, if it confirms the breakout.

Several analysts, including Piper Sandler and BofA, have recently set price targets around $200, which aligns with the ongoing bullish momentum.

It’s a great way to join the Palantir rally, but with some caution if you’re holding long-term, it’s definitely running hot!

But… what isn’t these days? 😄