📉 Recent Pullback: A Buying O

📉 Recent Pullback: A Buying Opportunity?

Palantir Technologies (PLTR) has experienced a sharp correction, dropping 5.17% to $106.27, after peaking at $125.41. This pullback has caught many traders off guard, but the technical indicators suggest that the sell-off might be overdone, presenting a potential buying opportunity.

📊 Key Oversold Signals from the Chart

1. Strong Support at EMA Levels

• PLTR remains above the 50-day EMA ($87.08) and 30-day EMA ($96.18), indicating that the long-term uptrend is still intact.@TigerStars

@TigerTradingNotes • The price is testing support around the EMA10 ($110.86) and EMA5 ($113.06), which means we are near a possible bounce zone.

• The last major correction found strong support at $63.40, leading to a massive r

Fed Keeps Unchanged: Are 3 Rate Cut Estimates Too Optimistic?

After a two-day policy meeting, the Federal Reserve announced on Wednesday that it would keep the benchmark federal funds rate unchanged in the range of 4.25% to 4.5%. Is the market being too optimistic? As the broader market begins to pull back, what impact will this week’s FOMC meeting have?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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