Why The Time To Buy Palantir Stock Might Be Right Now
When the stock passed the point of control, "it became a buy for me," Hamilton said.
Hamilton charted the "point of control" using a volume profile Tuesday on "Get Technical."
The volume profile shows the area of control, which Hamilton said is where most of the buying and selling occurs.
Hamilton was looking for a session close above that point on higher than average volume, as seen on the Palantir chart at the close Tuesday.
Palantir has a great story and "it's a great long-term holding," Hamilton said.
Palantir Events: Palantir is holding the first in a series of "Double Click" events Wednesday at 11 a.m. ET, in which the company will showcase its "Foundry" product.
PLTR Price Action: Palantir was down 2.75% to $24.72 at last check Wednesday.
Photo courtesy of Palantir.
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