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Pltrlong

🚀P🚀L🚀T🚀R🚀 - Mission Still a Go 🌝I did not expect the red day on Friday. But my theory stands. I’m even more confident about this move. There was a gap up due to hype from Cathie Wood buying, but the bears in the pennant pushed it back. PLTR is still consolidating and building pressure within the pennant and I expect a breakout to the upside next week. Side note: there is LOTS of open interest and volume in deep OTM calls for the end of January 👀 WSB note: The short squeeze is happening next week on GME. Margin calls on the shorts are coming in hot, and brokers are struggling left and right and some have even BLOCKED SHORTING on GME, while the SEC has implemented the Up-Tick rule. Where do you think they are taking their profits to? 🚀🚀🚀🚀🚀🚀🚀PLTR🚀🚀🚀🚀🚀🚀🚀
NYSE:PLTRLong
by ChigzTrades
PLTR EXPLODING TOMORROWThis is a classic bullish pennant. Today the price dropped to the low end... I was planning on buy a call option tomorrow morning around $30 strike. With PLTR in the red, the options would be even cheaper making me a genius ;) Unfortunately for me, the queen Catherine Woods bought PLTR after hours, and the price is just about to hit the top end of the pennant (current price at time of writing is $26.61). Tomorrow morning, during Pre Market & at the Open, PLTR will explode and hit AT LEAST the peak of the impulse move that formed the pennant ($33.50). Posting this now so I have a reference I can show people when I tell them I can see the future 👀 Tomorrow morning wallstreetbets will be exploding with a bunch of 🚀 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
NYSE:PLTRLong
by ChigzTrades
2
PLTR formed a pennant; possible breakout soonThe pennant is a continuation pattern (of the previous trend) so PLTR may be looking into a move to the upside sometime soon. The price moved up today and headed against the $26 resistance several times. It even broke above it but was not able to stay above that level. However, we closed the day for the second consecutive time above the 14-ema and 21-ema, which is a bullish signal. MACD is curling up and +DI touched -DI and moved back up, which in my experience forecasts a move up. I am watching the moving averages. The longer PLTR holds above them the stronger they become as support. It is important to keep in mind price could also continue sideways when the pennant is completed but if a breakout is confirmed PLTR may be looking into a nice rally. Safe trades! ***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!*** ***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
NYSE:PLTRLong
by Safe_Trades
7
PLTR , PT 41Another stock that is stuck in a symmetric wedge or if I say pennant pattern also. For long play, once it breaks above the wedge, it can move to ~ 41. To protect losses for long play, the red solid line should be treated as a stop loss. Also, it's holding 20MA (green line) which is giving it a bullish sentiment. Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
NYSE:PLTRLong
by fqalogtrader