PLTR: This is the BEST place for a REACTION!
Hello traders and investors! Let’s see how PLTR is doing today!
The pullback was more intense than we expected, but the situation was always under control. In the short-term, we triggered a bearish pivot point at $ 27.91 (red line), and this made PLTR seek its next support levels. The $ 25 area was a floor for it, and now, any good bullish reaction might be just an excuse to buy.
In the daily chart, we see that the $ 25 area coincides with this nice purple trendline, which is connecting PLTR’s bottoms since May. Considering we are clearly in a bull trend, doing higher highs/lows, I see this just as a possible opportunity to buy.
So far, we have no confirmation yet, but we might see something good soon. Now is the best place for PLTR to find its support and start to react. Remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you!
Have a good day.
The pullback was more intense than we expected, but the situation was always under control. In the short-term, we triggered a bearish pivot point at $ 27.91 (red line), and this made PLTR seek its next support levels. The $ 25 area was a floor for it, and now, any good bullish reaction might be just an excuse to buy.
In the daily chart, we see that the $ 25 area coincides with this nice purple trendline, which is connecting PLTR’s bottoms since May. Considering we are clearly in a bull trend, doing higher highs/lows, I see this just as a possible opportunity to buy.
So far, we have no confirmation yet, but we might see something good soon. Now is the best place for PLTR to find its support and start to react. Remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you!
Have a good day.
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