Take a look at this Palantir price level, while shares reached another record high

The shares of Palantir Technologies (BlTR) reached another record high on Wednesday, since cooling the global trade voltages restored the risk and enthusiasm for AI shares.

The recent increase in the company's share takes place after the United States and China agreed on Monday to reduce its tariffs for 90 days. At the beginning of this week, the feelings also received a boost after the analysts of the Bank of America had described the AI ​​Analytics software provider as a “market definition” for companies who would like to use artificial intelligence.

The Palantir shares rose by 1.6% to around $ 130 on Wednesday and marked the second day in a row, on which the AI ​​favorite hit Intraday and Higs.

The share had dropped by 6% last week because the company's verified profit and the company's prospects did not meet the high expectations of investors. However, the stock almost doubled from a back rash of AI trade and expectations that the company's software could benefit from the continuous efforts to improve state efficiency.

In the following we open the technical data in Palantir's diagram and identify the most important price levels that investors may observe.

Pennant pattern breakout

After the Palantir shares formed a penetrating pattern at the beginning of the last month, they staged a sharp rally and climbed over the prominent February summit of the process.

The price within a eyelash has recently consolidated before it broke out in the trading session on Tuesday, which indicates a continuation of the long -term upward trend of the stock.

In the meantime, the relative strength index refers to optimistic impulse, whereby a reading over the neutral threshold of the indicator is on the road, even though it remains under the over -the -tasted level and offers plenty of space for further purchase.

Let us use the technical analysis to predict where the shares of the AI ​​software provider are guided next and also identify important support levels that can be observed in potential retracements.

Beam analysis

In order to predict where the price of the share can be guided next, investors can use the sample analysis of the beams, a technique that analyzes earlier trends to predict future price movements.

When using the analysis to the Palantir diagram, we extract the price rods from which the trend movement of the share, which preceded the pennant and re -positioned it from the breakout point of the pattern.

This projects an upward trend of around $ 210 and indicates that the move can play out by the beginning of mid-June if the current trend replicates the previous analyzed earlier trend higher.

Main support levels that are worth observed to be observed

During the reverse vehicles, investors should pay close attention to the level of $ 97, which is currently just above the 50-day average (MA). The stocks in this area near the March Peak can encounter support, which in the middle of April geared to the short time in consolidation.

The sale under this main level was finally able to test a lower support of Palantir Shares around 66 US dollars. Investors in this region near the MA of 200 days can be near 200 days and a horizontal line that connects the remarkable January trough for the last month.

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