PLTR- Downside Risk Remains-$15

Palantir has seen a steady decline after having breached the $20 level, late last year in 2023.

Prices are down more than 3% YTD.

20 (D) & 50 (D) EMA crossover- Short-Term

TGT: $15 200 (D) EMA

We can expect a bounce from the $15, failure of this level will bring back the next main support @ $13.5. Prices will need to regain control above the 100 (D) EMA @ $17 before moving higher.

Overly optimistic market expectations of a 150bps cut in 2024, meanwhile the Federal Reserve's outlook of a 75bps cut.
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