Yes, PLTR did break the pivot point we mentioned yesterday, and it quickly hit its resistance again.
Iām still waiting for a better risk-reward ratio, but Iām happy for those who did catch this trade. Now, the chart looks like a flag pattern, but I think it has to hit the 20ma one more time, at least.
The 4h chart looks very overbought, and it is in a resistance. Since we already did a phenomenal trade here, Iām good just waiting. I would like to see it at the 22 again, but letās see, maybe PLTR will do another bottom above it, like Tesla is trying to do.
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