Palantir Technologies (PLTR.US) shares rose more than 150% in November, even though there was no major news during the month which would explain the move. Stock launched today's session with a bearish price gap and is currently testing local resistance at $23.30 which coincides with 50SMA (green line). As long as the price sits below it, continuation of the downward move looks probable. Next support lies at $21.00. On the other hand, if sellers will manage to regain control and break above the aforementioned moving average, then upward move towards $25.15 may accelerate. Source: xStation5Daily Summary: A Shallow Rebound Ahead of Earnings Season
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