5/10/2021 1:48:00 PM GMT | By Ivan Brian
PLTR shares are one of the few stocks to close down on Friday.
Most other meme retail stocks close higher.
Tech stocks stage a big bounce except for Palantir.
Update May 10: Palantir Technologies Inc (NYSE: PLTR) closed the previous seven trading days in the negative territory and started the new week on the back foot. After opening with a bearish gap on Monday, PLTR extended its slide and touched its lowest level since late November at $18.18. As of writing, the stock was trading at $18.50, losing more than 6% on a daily basis. The near-term technical outlook, which is detailed below, suggests that additional losses remain in the book. In the meantime, the S&P 500 Index is edging lower following Friday s record-setting rally and was last seen losing 0.45% at 4,213.
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Technicals Point To Extended Ethereum Dominance Over Bitcoin
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