Maybe. Chart has most of the info marked so there isn't much to say. Sharp drop if the support trend breaks down. Rejection trend is trading up. Seems like it might be time to get some bigger movement on this stock. Price can go up on a breakout pretty high, but also, careful above around 120. Good luck!!
follow trends because once they start to break on the downside, those gaps will start to close quickly. Price targets are marked Longer term chart, but something says it won't be long before we see some movement. good luck -n
Hey everyone, I hope you are doing fantastic! $BNGO has presented us with an amazing set-up inside a channel. We are currently sitting at the bottom of it and we have 2 TP ($8 and $10) An amazing Risk-Reward with SL just above the channel. I wish you all happy trading!
It is pretty clear that Palantir is not a stock for quick profit. Its CEO also said this. It is not a 100m run, but it is a marathon. In my pinion we are in the middle of a strong rebound, also seen the volumes of the latest trading days. The first target could be the 24$ area, which is the projection of the small falling wedge (in red) , broken with huge...
Hello investors, As we can see, we had a huge Sell-off for a few weeks and today the move to the downside was massive! Palantir is signing more and more contracts, while the price is falling, which would mean that the only reason for the fall is the over-all bearish sentiment in the market. We can see the enourmous divergence that we have on the RSI on the 4hr...
Hello guys, thank you all for tuning in! I am going to divide the analysis into 4 parts, so we can go deeper into the trading idea! Technicals: - The price completed the Cup and Handle pattern on the 1H chart and went from 34$ to 44$ and even higher. - SPCE broke through the Daily Triangle shown on the chart with enormous volume and the next target is 50$. -...
BTCUSD Bitcoin Must apologise for rubbish call yesterday and no follow up. Was expecting a period of light relief over the weekend. No such luck. The spike that came shortly after the match had finished was a big one and the ensuing rejection period flipped Bitcoin straight back down to the lows again and triggered a short from 7399 as it broke below...
Since we break our crucial support we are in the bearish woods, we need a strong back up to remain with bullish sentiment. RSI and MACD are not ready yet to go bullish. We just broke our crucial support 2 days ago. I would be prudent. As always i can be wrong, TA is not a basic science. Don't take my words as a financial advisor, i do it for my personal...
Continuation H&S? I will go find a bear...for now.