PLTR BULLISH LONGIf PLTR graph break occurs, BULLISH
Entry here is risky. Waiting for the chart break to buy the stock reduces the risk. Those who want to take risks can enter here and earn high profits.
Pltrstock
PLTR Technical Gap Fill and Bounce UpDaily chart shows a small gap fill from a quick move to the upside. Once this gap fills from a pullback I see PLTR moving up from a bounce off the 9EMA
1HR and 4HR timeframes also show inverted head and shoulders pattern.
US Stock In Play: $PLTR (Palantir Technologies Inc)$PLTR further reinforced its technical strength, with a rally of +11.20%, closing at an all time high level of $36.23 that was previously highlighted two days ago. The intraday trading range of $PLTR exceeded 35%, marking it as the most volatile session for $PLTR since its IPO. This is coupled with 191.35 millions worth of shares traded during the session, exceeding 165% of its average.
Price volatility for $PLTR continue to uptick towards its peak of $3.00/day, giving substantial traction to break $40 round number resistance ahead of its inaugural Demo Day today at 4.30pm US ET.
PLTR Support testAs we can see a range 25 novmenber. now we can expect a uper trend line test and then support test before bounce.
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!
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***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.***
$PLTR Back in the Wedge! Can We hold and Bounce?$PLTR video Breakdown going into Jan 11.
Give $PLTR time to establish a base and we should pick up some volume
$PLTR Can We Rebound? Breakdown and Analysis 1/4/21$PLTR Breakdown and Analysis going into the New Year! Will we see more downside? Can we bounce and where? In need of a price raise ASAP.
