Watch this Stock for Breakout this Week

Summary

I'm at the Bitcoin conference in Vegas and expect a typical Bitcoin conference pattern: a run-up followed by a reversal and profit-taking. This week is a deep dive into Bitcoin's technicals, and I also have stock plays for you, focusing today on Palantir. Palantir has been lagging behind other growth stocks like Nvidia despite its AI and defense roles, but it's forming a double bottom and faces a catalyst with its earnings on May 4th, which could drive a breakout. I'm watching for it to close above 144.40, then 150, with a target of 170, but if it breaks below 138, it signals further downside. Additionally, institutional money is showing bearish sentiment in Morgan Stanley and JP Morgan, while Tesla and Uber are showing bullish signs.