Stock Of The Day: Is The Palantir Breakout A False One?

Sometimes traders forget that the stock market is a market. Supply and demand determine prices and price moves.If a market is trending higher, it is because there isn't enough supply (sell orders) to fill all the demand (buy orders). Those who wish to purchase shares must outbid one another to find sellers.This forces the stock into an uptrend.The tide turns when the trend reaches a resistance level. There is enough supply to fill all the demand.There are times when stocks reverse and head lower after reach ...