$PLTR Approaches Critical Close At $14.86. Will Slew Of ‘Good’ News Suffice To Break?

2 Min Read

Jacobs Solutions ($J) and Palantir ($PLTR)s aid Wednesday that they have expanded a partnership that uses Palantir’s artificial intelligence capabilities to sell AI services for sectors like infrastructure, facilities, supply chain management and others.Financial details were, however, not disclosed.

In a separate development, the official twitter of the technology company also announced a planned partnership with the government of Ukraine, to help rebuild the country, post the Russian Invasion.

This is a continuation of a slew of good news that has trailed a lot of technology companies in the US, particularly relating artificial intelligence products.

 

Chart

$PLTR Monthly
$PLTR Monthly

Having recorded its biggest monthly gain in years this month, $PLTR is now at a crucial juncture. A close below $14.86 probably takes price down to retest $7.

A close above $14.86 likely takes price to the next resistance at $20.

The answer to the next likely outcome will be revealed in 5 hours, when the month of May ends.

 

 

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