Ok guys, despite the advanced breakouts on the 30min chart, PLTR is not flying right now, but in my view, it is a good thing that it keeps accumulating. The BBs are very tight, and sooner or later, it’ll do a breakout.
The risk-reward ratio is more interesting for long trades, because we have too many supports and the RSI is quite oversold in the 4h chart:
If PLTR loses the 50% retracement it might just hit the 61.8% at 21, but we must consider the RSI. But if we explode upwards, it looks like there’s no limit to PLTR! Nevertheless, it is always important to work with targets, and the resistance at 25.05 is the first one PLTR will have to deal with during its ascension!
I already have my strategy for PLTR, do you have yours? I think PLTR is one of the best stocks to trade around, but certainly is not the n# 1. I see stuff much more interesting than PLTR around. 😊
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@Melissa_Amana I agree with you. Also I think that now is the time to reduce/leave PLTR and buy in dips again (it's not precise but roughly 17.50$-19.50@ but let's see movements of ARK)
UnknownUnicorn21312077
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@turolin, If that happens, it'll be phenomenal! TY for your support, mate! ;)
turolin
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@Melissa_Amana, I'm thank you for great TA! I'm following you and see your posts my dear :-* Take care.
HHSPN
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Where does next two fib levels .75(?) and .887 land price wise? Thanks.