Is Palantir in a Danger Zone? We will see after the report...

Palantir is about to announce its quarterly report.

As we analyzed in the last report, the price reached its highest point after several years, but after reaching this liquidity zone, it had a pullback as we announced before.

However, Palantir is showing strength in this area, and we ended on the last candle where it will attempt again to surpass this liquidity zone with strongly.

Will it succeed?

I believe Palantir has the volume to continue moving a bit higher, but at this point is entering an area where the upward momentum is slowing significantly. On one hand, we’re seeing a double-top forming, and the candle hasn’t fully formed yet. We need to wait and see if the next candle shows liquidity. If so, we should be cautious about the wick length, as that could signal trouble for Palantir.

so with the earnings report approaching, there is a lot of uncertainty, which may make it difficult for the price to break this liquidity zone.

We should stay alert this November 4th. Palantir has excellent fundamentals, but its recent reports have barely exceeded analysts' expectations. If this report misses even by a small margin, I think we could see a significant drop due to the stock being heavily inflated.

Here are Palantir's latest results:

Nov 02, 2023
2023 (Q3)
Analysts = 0.06 / Reported = 0.07 (BEAT)

Feb 05, 2024
2023 (Q4)
0.08 / 0.08

May 06, 2024
2024 (Q1)
0.08 / 0.08

Aug 05, 2024
2024 (Q2)
0.08 / 0.09

Nov 04, 2024
2024 (Q3)
0.09 / (Mon, Nov 4)

Thank you for supporting my analysis.
TRADE SAFE!
Best regards!