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In an unusual post on TruthSocial, Pres. Trump says: Shares of Palantir reached a new low going back to June 2025 today at $122.68. The price is now trading at $128.20. The high reached $129.17.It is great Trump has the time to post on his stock picks, with all the other stuff going. Amazing. Like never seen before. /sInsider trading used to be a no-no, but it is becoming more and more acceptable. Go figure.Bud Fox is on it.
This article was written by Greg Michalowski at investinglive.com.
đź’ˇ DMK Insight
Palantir’s recent price action is raising eyebrows, especially with Trump’s endorsement. Trading at $128.20 after hitting a low of $122.68, the stock’s volatility is noteworthy. The brief spike to $129.17 suggests a potential resistance level that traders should monitor closely. With the market’s current focus on tech stocks, any news or sentiment shifts can lead to rapid price movements. Trump’s influence could attract retail investors, but seasoned traders should be cautious of the hype. The broader tech sector is experiencing mixed signals, and Palantir’s performance could reflect that uncertainty. Keep an eye on the upcoming earnings report; it could either validate the bullish sentiment or lead to a sharp correction if expectations aren’t met. Watch for a break above $129.17 for bullish momentum or a drop below $122.68 to signal further downside risk.
đź“® Takeaway
Traders should watch Palantir closely; a break above $129.17 could signal bullish momentum, while a drop below $122.68 may indicate further downside risk.
