Long
Come to make money :) PLTR 7/22
Just 1 stock, 1 profit.
Chart Analysis
Timeframe: 1-hour chart
Indicators:
MACD (Moving Average Convergence Divergence)
Volume
Support and Resistance Levels
Immediate Resistance: $29.83 (highlighted in green)
Immediate Support: $27.43 (highlighted in red)
Current Price: $28.97 (as per the latest bid)
Trendlines
Descending Trendline: There is a descending trendline from a previous high, indicating a downward trend.
Horizontal Support and Resistance Lines: Clearly marked at $29.83 (resistance) and $27.43 (support).
MACD
The MACD is showing a bullish crossover, indicating potential upward momentum.
Volume
There is a noticeable volume spike, which often precedes significant price movements.
Trading Strategy
Scalping
Entry Point: Around $28.90 - $29.00 (current price level) considering the bullish MACD signal.
Exit Point: Near $29.50 - $29.80 (resistance level) for quick profits.
Stop-Loss: Below $28.60 (to limit downside risk).
Intraday Trading
Entry Point: If price breaks above $29.00 and sustains, enter around $29.10.
Exit Point: Target $29.50 - $29.80.
Stop-Loss: Below $28.70.
Swing Trading
Entry Point: Buy around $28.90 - $29.00 (current level).
Exit Point: Target $30.00 - $30.50 (next major resistance).
Stop-Loss: Below $27.40 (support level).
Recommendations
Scalping: Look for quick profits near the $29.50 - $29.80 level.
Intraday: Watch for a break above $29.00 with a target towards $29.50 - $29.80.
Swing Trading: Enter around current levels with a target near $30.00 and a stop-loss below $27.40.
Summary
The chart shows potential for upward movement with the MACD indicating bullish momentum.
Use defined support and resistance levels to set entry, exit, and stop-loss points.
Monitor volume and MACD signals closely to confirm the direction of the trade.
Chart Analysis
Timeframe: 1-hour chart
Indicators:
MACD (Moving Average Convergence Divergence)
Volume
Support and Resistance Levels
Immediate Resistance: $29.83 (highlighted in green)
Immediate Support: $27.43 (highlighted in red)
Current Price: $28.97 (as per the latest bid)
Trendlines
Descending Trendline: There is a descending trendline from a previous high, indicating a downward trend.
Horizontal Support and Resistance Lines: Clearly marked at $29.83 (resistance) and $27.43 (support).
MACD
The MACD is showing a bullish crossover, indicating potential upward momentum.
Volume
There is a noticeable volume spike, which often precedes significant price movements.
Trading Strategy
Scalping
Entry Point: Around $28.90 - $29.00 (current price level) considering the bullish MACD signal.
Exit Point: Near $29.50 - $29.80 (resistance level) for quick profits.
Stop-Loss: Below $28.60 (to limit downside risk).
Intraday Trading
Entry Point: If price breaks above $29.00 and sustains, enter around $29.10.
Exit Point: Target $29.50 - $29.80.
Stop-Loss: Below $28.70.
Swing Trading
Entry Point: Buy around $28.90 - $29.00 (current level).
Exit Point: Target $30.00 - $30.50 (next major resistance).
Stop-Loss: Below $27.40 (support level).
Recommendations
Scalping: Look for quick profits near the $29.50 - $29.80 level.
Intraday: Watch for a break above $29.00 with a target towards $29.50 - $29.80.
Swing Trading: Enter around current levels with a target near $30.00 and a stop-loss below $27.40.
Summary
The chart shows potential for upward movement with the MACD indicating bullish momentum.
Use defined support and resistance levels to set entry, exit, and stop-loss points.
Monitor volume and MACD signals closely to confirm the direction of the trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.