Palantir is a US based software company. Targets are $30 with support down to $26.

Palantir Technologies (NASDAQ: "PLTR")is a software company based in Denver USA. We did originally post about this stock at $20. The original post can be found here.

From a technical aspect Palantir looks very postive. After spending months in consolidation the stock has finally broken out. To the upside targets are $30 followed by $38.30. It will take quite a push to get to the upper levels though. Looking to the downside, support sits at $28.10. A break below here could take Palantir down to $26 but until the trendline support breaks (blue ascending line), upside remain the bias.

Palantir is not pulling back like the rest of the market which could mean when the general market recovers and starts to aim to all-time-highs again, it could help the current breakout continue. If the markets do pullback more though, Palantir could retrace back to support before more upside.