Palantir (NYSE: PLTR) Technologies Low in Place or More Downside?

Palantir Technologies (NYSE: PLTR), Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The Government segment provides solutions to the United States (US) federal government and non-US governments. The firm offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions.

In our previous article about PLTR published back in August 2022, we mentioned stock was looking to make a new low before rallying. It did make a new low and has started rallying. Today, we will take a look at the current price action and look at whether the low is in place or there is more downside still to come. We will also take a look at the Elliott Wave Structure on the rally from 12.28.2022 low.

PLTR Elliott Wave Analysis – Weekly Chart 05.25.2023

PLTR Elliott Wave Analysis – Weekly Chart [ALT VIEW] 05.25.2023

PLTR Weekly Elliott Wave Analysis - ALT view

PLTR Elliott Wave Analysis – 480 Minute Chart – 05.25.2023

PLTR Elliott Wave View 480 Minutes - 05.25.2023