$Palantir Tech(PLTR.US) closed below the weekly EMA60, invalidating the weekly support level. Moreover, Friday's rebound lacked volume and failed to hold above the daily EMA5.

Bearish in the short term, targeting 120. If it can consolidate sideways at the monthly EMA20, a rebound might be possible. If it fails to hold, it could be troublesome.

The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.