$PLTR Expecting one more leg down.

had a flash crash to $20.18 and recovered back to $23 which also is Fib 0.618 retracement level. 23$ is a possible support zone to hold if you want to take an early trade with a tight stop aiming to take profit at $35. Since we can clearly confirm that the strong up trend is currently broken and momentum still declines, I am on the bearish side. $16-$17 range looks better for a new entry targeting approx $50 in the mid term.

C'mon guys, it's not even oversold yet (:

Note

seems to go for the white path. Falling wedge breakout at $23.80. Yolo long

Rebuy at 23.80ish range if it comes back for retest.

scratis

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.

scratis