Palantir's Q2 results to feature significant US government, commercial growth: Oppenheimer
Oppenheimer stated that it expects growth in the U.S. government and commercial sectors from Palantir's Q2 performance.
At this point, if one had looked at this, they would have noted that after a slight decline from the closing price of 175.23 on August 10 to the opening price of 174.52 on August 11, the stock has maintained an upward trend. Observing that it is testing resistance near the previous day's high of 179.6, one would have considered buying in anticipation of a potential rebound following a short-term correction.
If the stock price continues its upward trend and reaches $138.0, we will take profits, and if it reverses and falls below $122.0, we will cut losses.
RSI(14) 48.5
PLTR has shown strong upward responses of +43.3%, +43.3%, and +38.7% on 2026-08-02, 2026-08-01, and 2026-07-29, respectively, following similar positive event occurrences in the past, indicating a high sensitivity to positive news.
The forecast assumed a conservative rise after a technical adjustment; however, in reality, the combination of news impact and thematic momentum resulted in a much stronger increase than expected. The RSI of 48.5 was in the neutral zone, but the stock price movement had already shown strong upward pressure, and the pattern of overreaction to similar past positive news was overlooked. The target sell price of $138.0 was set significantly lower than the current price, which meant that despite a high likelihood of reaching the target shortly after entry, conservative judgment greatly limited the profits.
In the event of similar positive news in the future, rather than solely relying on technical indicators, it is advisable to comprehensively consider the historical response patterns of individual stocks and the trends in thematic news to adjust the profit-taking range upward. In particular, even if the RSI is neutral, if the stock price movement is strong and there has been a significant historical response, one should maintain the flexibility to upwardly reset the initial target price.