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Palantirtechnology

Palantir: I gotta go 🏃‍♂️Although the Palantir stock is currently moving downwards, we're expecting the course to climb further North, before corssing the support at $6.44, to reach the turquoise target zone between $15.24 and $17.21 to finish the turquoise wave (iii). Thereupon, we predict a course correction to finish the turquoise wave (iv) before turning the trend back up in order to surpass the resistance line at $14.86. In our alternative scenario, the stock would continue its current movements further downward and drop below the $6.44-mark before heading back up.
NYSE:PLTR
by MarketIntel
1
#PLTR Huge bear trap? 🐻Megaphone in progress📣 + RSI divergenceHi All, my main 3 take-outs from this analysis are the following: 1- Even though the situation seems to be compromised and price seems be heading to 17$, be careful bears, as the price is forming right now a rare megaphone, also called broadening bottom. It basically indicates that the price is charging and volatility is increasing in the perspective of a strong reversal move 2- Please note that there is a strong divergence between price action (lower lows) and RSI (higher lows) and I think it is realistic to expect a reversal soon 3- Keep in mind that we have another static resistence given by the down black trendline that the price will need to retest (and possibly breakout from!). Dec 27th might be a good date to try this breakout... Not a financial advice, just personal opinion. Do your own due diligence and good luck!
NYSE:PLTRLong
by FrancescoMerlettini
2