Palantir (PLTR) Has a Solid Bullish Narrative, and Yet a Bul

Palantir (PLTR) Has a Solid Bullish Narrative, and Yet a Bull Trap May Lurk In the Immediate Aftermath of Next Week's "Double Click" Event


Palantir (PLTR) Has a Solid Bullish Narrative, and Yet a Bull Trap May Lurk In the Immediate Aftermath of Next Week’s “Double Click” Event
Apr 7, 2021 08:47 EDT
Palantir (NYSE:PLTR), a big data analytics firm that has the potential of turning into a mainstream provider of Software-as-a-Service (SaaS), is experiencing heightened volatility in the run-up to the next week’s much-anticipated “Double Click” event, thereby increasing the likelihood of a bull trap.
As an illustration of the recent weakness in Palantir shares, the stock price has declined by over 33 percent since hitting an all-time high close of $35.18 on the 29th of January 2021. At the heart of this recent tug-of-war between the bulls and the bears lies the inherent skepticism as to the company’s ability to market its products to a wider swathe of clients. The bears believe that Palantir’s products are too specific for wider adoption. The bulls, on the other hand, naturally disagree.

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