Palantir is obeying technical analysis and it is behaving according to the plan.

Today it is breaking the 26.71, the breakpoint that would resume the bull trend, as we talked about I my last analysis. The only thing that could trigger a pullback is if PLTR loses the 26.71 again and make this a false breakout.

But we are good for now, and we shouldnโ€™t worry about what didnโ€™t happen.

snapshot

The problem is that PLTR is overbought in the 4h chart, and if we see a bearish pattern here, it could trigger a pullback. But since we donโ€™t have one, we are ok. ๐Ÿ˜‰

Even if it drops, this doesnโ€™t change our target at 30. Iโ€™ll keep you guys update in a daily basis!

If you liked this trading idea, remember to click on the โ€œFollowโ€ button to get more trading ideas like this, and if you agree with me, click on the โ€œAgreeโ€ button ๐Ÿ˜‰.

See you soon,
Melissa.
Technical IndicatorsoverboughtpalantirPLTRSupport and ResistanceTrend Analysis

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