PLTR: Time to PANIC, or time to BUY?
Hello traders and investors! Let’s see how PLTR is doing today!
First, in the 1h chart, we see that PLTR dropped sharply today, but this didn’t, at any moment, ruin the bullish thesis on PLTR. We talked about this in my previous analysis, and the link to it is below this post, as usual.
In fact, PLTR just dropped to hit the previous support at $ 25.03 (black line), and it is bouncing back up, making it a classic Double Bottom chart pattern. Now the 21 ema is going to be our next resistance to defeat.
Let’s see the daily chart now:
Palantir is slowly heading to our target at $ 27.47, and in the daily chart, we have another support level to work with. The $ 25.03 in the 1h chart is pretty close to the 21 ema in the daily chart, making this area a good Dual-Support level, and it won’t be easy for PLTR to lose it.
In fact, when we see a stock near a support like this, it is usually a buy opportunity, as the risk/reward ratio is very good. What’s more, the 21 ema is pointing up, and we have not a single bearish structure around.
Let’s follow PLTR closely now, as it is close to our target. And if you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good week!
First, in the 1h chart, we see that PLTR dropped sharply today, but this didn’t, at any moment, ruin the bullish thesis on PLTR. We talked about this in my previous analysis, and the link to it is below this post, as usual.
In fact, PLTR just dropped to hit the previous support at $ 25.03 (black line), and it is bouncing back up, making it a classic Double Bottom chart pattern. Now the 21 ema is going to be our next resistance to defeat.
Let’s see the daily chart now:
Palantir is slowly heading to our target at $ 27.47, and in the daily chart, we have another support level to work with. The $ 25.03 in the 1h chart is pretty close to the 21 ema in the daily chart, making this area a good Dual-Support level, and it won’t be easy for PLTR to lose it.
In fact, when we see a stock near a support like this, it is usually a buy opportunity, as the risk/reward ratio is very good. What’s more, the 21 ema is pointing up, and we have not a single bearish structure around.
Let’s follow PLTR closely now, as it is close to our target. And if you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good week!
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