Palantir stock was trading lower on Thursday but still holding the bullish tone established since a strong earnings report last week.
It also doubled its free cash flow forecast from $150 million to $300 million and outlined strong details of new customers and revenue generation from existing customers.
Interestingly, the company also disclosed that it had spent $50 million on gold bars as perhaps it seeks to combat inflationary pressures and invest its growing cash pool.
The stock is comfortably above the 9-day MA, the RSI is trending higher in line with price and has also formed an ascending triangle on the daily.
Keep this on your watchlist!
- Factor Four
It also doubled its free cash flow forecast from $150 million to $300 million and outlined strong details of new customers and revenue generation from existing customers.
Interestingly, the company also disclosed that it had spent $50 million on gold bars as perhaps it seeks to combat inflationary pressures and invest its growing cash pool.
The stock is comfortably above the 9-day MA, the RSI is trending higher in line with price and has also formed an ascending triangle on the daily.
Keep this on your watchlist!
- Factor Four