Take a look at this Palantir price level when the shares are immersed in the expectations of the profits

Palantir Technologies (BLTR) increased his outlook in the whole year, but disappointed disappointed investors with mainly quarterly results and broadcast shares on Monday in extended trade in the analytics software provider.

The company reported sales in the first quarter of $ 884 million, an increase of 39% compared to the previous year and above the analyst consensus. The adapted result per share of 13 cents rose from 8 cents per share in accordance with the estimates of Wall Street. Investors may have searched for more after the AI ​​Darling achieved blowout results in February and November.

Before today's eagerly awaited profit report, Palantir shares has increased by 64% since the beginning of the year and had increased more than five times in the past 12 months. The stock was reinforced by the optimism that the software manufacturer would benefit from increasing AI deployments and the federal initiatives to improve state efficiency.

The share fell by more than 9% to $ 112.32.

In the following we take a closer look at Palantir's diagram and use the technical analysis to identify the most important price levels that investors will probably observe.

Potentially double top

After Palantir set up her record height in mid -February, he consolidated in a falling wedge before broke out over the pattern last month.

In recent times, the share has gathered to the highest level since mid -February, but found a significant sales pressure around the record high, since the relative strength of strength (RSI) was transferred to an overtosting area.

In fact, the share will continue its withdrawal from this important technical location on Tuesday and possibly form a double top pattern.

Let us identify three main support levels in Palantir's diagram that is worth finding an important overhead area to monitor you during potential swings.

Decisive support levels that are worth observed to be observed

In the midst of a profit for the sale, it is initially worthwhile to observe the level of $ 97. This area in the table, which is currently positioned slightly above the sliding 50-day average, could arouse the purchase interest near a short consolidation period after the first outbreak from the falling wedge pattern and the high consoles of March.

In the event of a decisive conclusion under this level, the shares fell to around 83 US dollars. In this place, investors can occur near a trend line that combines the prominent December Peak of the past year and a short time of the Sideway drift that preceded the Breakaway gap of the stock before the stock.

A more important retreat opens the door for sale to the level of 66 US dollars. The shares would probably attract support in this region in the graphic near the closely observed 200-day moving average and the swing deep of the last month, which also matches the January trough and a small climax in mid-November.

Monitoring area of ​​important covering for surveillance

After all, investors should monitor the key attachment of 125 US dollars during the upswing in Palantir shares. This level, which is currently just above the end on Monday, will probably attract considerable attention near the May high and the prominent top value in February, which also marks the record high of the stock.

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Until the date on which this article was written, the author has none of the above securities.