PLTR: Near a resistance! How to proceed?
Hello traders and investors! Let’s talk about PLTR today!
First, as we discussed in our last analysis, PLTR did a nice reversal, and we have a crystal-clear bull trend, made by higher highs/lows. The purple trendline is working very well as a support level, along with the 21 ema. Pullbacks to these points should be seen as opportunities to buy.
The link to our last analysis is below this post, as usual.
But, there’s a catch. The green line at $ 24.26 is a resistance level, made by the previous top (Apr 26 – 27). This might indicate a possible pullback ahead, but so far, we have no bearish reaction.
In the daily chart the situation looks bullish, but it feels like we just had a V-Shape recovery with a target at the $ 24.26. Again, this might indicate a pullback, but nothing that could frustrate the bullish momentum. The volume is increasing again, and we are above the 21 ema in the daily chart as well.
We still have some resistances to defeat, like the $ 24.26, the $ 26 and the $ 27.41, but once we defeat them, we’ll finally hit our target at the gap ($ 31.34).
Let’s follow PLTR closely, and if you liked this analysis, remember to follow me to keep in touch with my studies, and support this idea if it helped you!
Thank you very much!
First, as we discussed in our last analysis, PLTR did a nice reversal, and we have a crystal-clear bull trend, made by higher highs/lows. The purple trendline is working very well as a support level, along with the 21 ema. Pullbacks to these points should be seen as opportunities to buy.
The link to our last analysis is below this post, as usual.
But, there’s a catch. The green line at $ 24.26 is a resistance level, made by the previous top (Apr 26 – 27). This might indicate a possible pullback ahead, but so far, we have no bearish reaction.
In the daily chart the situation looks bullish, but it feels like we just had a V-Shape recovery with a target at the $ 24.26. Again, this might indicate a pullback, but nothing that could frustrate the bullish momentum. The volume is increasing again, and we are above the 21 ema in the daily chart as well.
We still have some resistances to defeat, like the $ 24.26, the $ 26 and the $ 27.41, but once we defeat them, we’ll finally hit our target at the gap ($ 31.34).
Let’s follow PLTR closely, and if you liked this analysis, remember to follow me to keep in touch with my studies, and support this idea if it helped you!
Thank you very much!
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