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Scott Redler, chief strategic officer at T3 Live and T3 Trading Group, observed that PLTR shares are not trading strongly following its recent earnings release.
Redler also highlighted significant selling interest around the $149 price level and indicated that trading activity will be closely watched in the next session.
Redler recently advised traders to dedicate 12 minutes over the weekend to enhance market knowledge in a previous note. He also commented that semiconductor stocks appeared over-heated as oil prices and USO rose about 4 percent in a separate update. Redler continues to provide regular market observations as trading conditions evolve.