Palantir Stock Stalls at Resistance as Bearish Setup Emerges

Palantir Technologies Inc (NASDAQ:PLTR) stock is facing rejection at its peak call open interest (OI) level and February highs, after the company reported first-quarter results last week. The security’s post-earnings rebound stalled around the 50% year-to-date level and the 78.6% Fibonacci retracement, setting the stage for lower highs.Short interest makes up just 2.3% of the equity’s available float and is sitting at its lowest level since March, leaving plenty of room for short sellers to build their posi ...