Stock Of The Day: Where Will The Palantir Bloodbath End?

Supply and demand drive the market. If there is more supply than demand, meaning there are more shares to sell than to buy, the price will go down.This is because the investors and traders who wish to sell must undercut each other's prices to attract buyers. This action results in a downtrend.These downtrends tend to end or at least pause when they reach support levels. At these levels, there is enough demand, or shares to be bought, to absorb all the supply, or shares that are for sale.As you can see on th ...