Honestly everyone should give up technical analysis until the money printing stops. Just DCA. Fuggit...
Last post this week I promise... Palantir getting close cross to green on the MACD on the weekly. 💪
Next coming week(s) will confirm if we're out of the "woods". If you're long Palantir - this may be the last time we see the lower 20s. This is not financial advice - just one man's opinion.
I'll even put my money where my mouth is with 1 contract ending this week 😜 The cojones!... --- Not advice ---
Come up to very important resistance. A line that's been respected at the peak before Covid and again beginning of September 20'. And overall, price has been respecting channel for over a year. Meaning... Perhaps we hit 310 - 315 - 320 before seeing a reversal in the short term. Good luck with whatever trades y'all end up doing.
EA has had a difficult time breaking past the $150 mark for 3 years. In the past year it's created a triple top as well as a small head and shoulders pattern in the past few months. This week it's broken out of its flag downward. It can continue traveling within a much larger bull flag pattern and bounce off a major support of $100 in the mid term. Too slow of...
PLTR rocketed 2/3 of it's earnings calls (all of which were sandbagged) It bombed on its second earnings call because of overall market fear... Plus, it had gone up too high too fast. We've created a higher high and higher low since last earnings. First target 27 I believe. What do y'all think?
I don't think traders yet know where to value PLTR. Great thing about the past though is that it can help you find your routing. We may be settling into a bearish channel created some time ago. Whether it's a brief time or otherwise - there it is. PRICE MOVEMENT: It's also possible that we can create a higher low in the next week or so and would look good for the...
Tesla created a lower high and the oscillators created a higher high. This shows weekness in the trend. What are your thoughts? Can we see a correction in the coming month(s)?
In a tight channel... can it bounce today? Good luck all.
Just something to keep in mind. Respect the trend. Even when there's breakouts and dropouts.
Palantir is a fresh, innovative company with a long way to go. They're investing a lot of money back intro the business, while staying debt free. ONLY thing to do with companies like this is DCA. Though we are coming up to a pivotal moment on the technicals. Where do you guys think it will go? ... With the market sentiment? OR break free?