What are the bullish evidence in Palantir chart???
1- Closing above resistance level (Flat Top)
2- Increase +70% in trading value in comparison to average weekly trade, and +50% in comparison to monthly trade.
3- Crossing above 20 days EMA.
4- Long bullish candle that covers the buddy of the last 14 candles!
5- Closing above 20 EMA weekly ..!!!
* this is not on the chart but It is ranked 4th on WSB mentions today with 600% increase!
Please review my last 3 analysis on Palantir:
June 29th, 2021
keep it on your short watch list!
Trading volume Decreased from 140 M to 42 M, which means there is no buyer for Palantir at this level!
Wait for a clear short entry!
July 16, 2021:
Sensitive level of 21.50
21.50 is the most important level for Palantir to trade. In most cases, it has experienced a 12-27% bounce.
This is not a long-term trade setup!
August 5th, 2021:
Correction seems finished..!
2- Increase +70% in trading value in comparison to average weekly trade, and +50% in comparison to monthly trade.
3- Crossing above 20 days EMA.
4- Long bullish candle that covers the buddy of the last 14 candles!
5- Closing above 20 EMA weekly ..!!!
* this is not on the chart but It is ranked 4th on WSB mentions today with 600% increase!
Please review my last 3 analysis on Palantir:
June 29th, 2021
keep it on your short watch list!
Trading volume Decreased from 140 M to 42 M, which means there is no buyer for Palantir at this level!
Wait for a clear short entry!
July 16, 2021:
Sensitive level of 21.50
21.50 is the most important level for Palantir to trade. In most cases, it has experienced a 12-27% bounce.
This is not a long-term trade setup!
August 5th, 2021:
Correction seems finished..!
Comment:
closure between 24.5 - 25 is a good short term idea