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Business
Chris Markoch

Why Palantir Slide May Be a Setup for a Long-Term Opportunity

Palantir Technologies Inc. (NASDAQ: PLTR) stock has been in a downtrend since hitting an all-time high (ATH) after its quarterly earnings report on Nov 3. While a death cross isn’t guaranteed, technical indicators suggest the stock could approach this bearish formation if selling pressure continues.

A death cross is a technical chart pattern marked by the 50-day simple moving average (SMA) crossing below its 200-day SMA. Although Palantir isn’t there yet, several signals point to a potential crossover.

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