US Stock In Play: $PLTR (Palantir Technologies Inc)

$PLTR staged a strong rally of +25.40%, breaking out of its Symmetrical Triangle technical structure closing the session at $32.58. The rally was accompanied a volume surge exceeding 200% over its 3 months average, giving affirmation on the sustainability of the immediate breakout.

Price volatility for $PLTR is currently ticking up to $2.35/day range, just 20% away from its peak of $3.00/day. It is plausible to see $PLTR breaking out of its all time high level at $33.50, established on 27th November 2020.

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