PLTR did exactly what we expected it would, again. It is extremely oversold in the 30min chart, and we could see a rally to the 26s at any moment. The question is, will it be a buy sign, or a dead cat bounce?

In the long run PLTR is a buy, but right now we must see more signs.

snapshot

We lost the red line, and the RSI is at 38 rn. This tells me PLTR could drop a little bit more, but if it holds around 24.70, we’ll see a rally to the 26s. It must do this movement quickly, and tomorrow, preferably.

Is there any hope for PLTR? Of course, and as I said, PLTR is a buy, especially for the long run.
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See you soon,
Melissa.
Chart PatternspalantirPLTRRelative Strength Index (RSI)Support and ResistanceTrend Analysis

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