Long
$PLTR - moving into bull pennant formation
Break-out from the previous long consolidation, the stock is moving towards bull flag/pennant formation with 31 as support and 36 as resistance.
Important milestone: earnings and lock-up expiration 3 days later; which promises potential volatility from now.
Important milestone: earnings and lock-up expiration 3 days later; which promises potential volatility from now.
Note
Additional note:$31 and $36 are not only key fib levels but also points of control for volume profiles of 2 break-out days (Jan 22 and 25).
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.