PLTR NAS100

PLTR going High

The Palantir 1-hour chart exhibits a robust uptrend, characterized by five distinct impulse waves. The potential extension of wave 5 hints at further price gains. However, caution is warranted as the overbought RSI and the price breaching the 200-day moving average suggest an overextended market, potentially leading to a short-term pullback. The color-coded chart enhances readability, making it a valuable tool for technical analysts. While the current trend is bullish, the risk of a correction should not be overlooked.