TSLA, PLTR and MSFT Forecasts – Tech Stocks Likely to Rest
Palantir has gapped lower in pre-market trading and it looks like it continues to bang around the bottom here in a larger consolidation area that it has been in for some time. The $128 level is a bit of a floor in the market, and I think ultimately this is a market that I think will eventually try to go to the upside but in the short term it looks like it just doesn’t have the momentum.
I think we are bouncing along the bottom of what is going to end up being a larger consolidation area, with perhaps the $160 level on top of it. So, I do think this is a buy the dip market, I just recognize that you are not going to see a lot of momentum right now.