We have a solid bull trend in the 1h chart, as we have higher highs/lows, and a trendline connecting the previous bottoms. What’s more, PLTR defeated every single of its resistances, showing some strength. This is good, and it reinforces our thesis, since our last analysis, last week (link to it below).
Pullbacks to its support levels, like the trendline, 21 , or any of the black lines would be just opportunities to buy. This bull trend is spreading to the as well:
There are two good things here. First, it defeated the $ 21.60, which was a point. Second, it is trading above the 21 again. Yes, PLTR had similar patterns in the past, and it failed, so, why would this time be different?
Because PLTR did a false breakout from the $ 20.18, and the increased a lot over there. This means that there are people aggressively buying PLTR near support levels, and the more it drops the better. It is almost reversing the trend for good in the , it seems we just need more conviction.
Now, the is normal, which is fine, but it feels that it needs to increase a little bit more. Either way, we do have some signs around, and several resistances that could work as targets for us. Also, we have an open gap around $ 31.34, which might work as a magnet in the next few weeks.
Let’s follow PLTR closely, and if you liked this analysis, remember to support it! And follow me to keep in touch with my daily updates.
Thank you very much.
é isso ai, muito cuidado mesmo com essa ação...também já perdi bastante com ela! Saudações de Campinas
A propósito, Fox, estamos apenas a duas hrs de distância um do outro. ;)
I appreciate your support, Fox! Take care, mate!
you are welcome and by the way in my humble opinion you are one of the best technical analysts out there
and really deserve support for your great work!