Yes, PLTR hit our purple zone today, which is a resistance area , and it almost hit the technical target at 22. The 20ma is a cool support for us, but since PLTR is too overbought according to the RSI , we must be aware of possible corrections.
There's nothing on the charts saying PLTR will drop, but still, we must be aware of this fact.
The RSI divergence worked wonders here, and it still could hit the 22, but we might see some correction in the 30 min first. After it breaks this purple area for good, the 24 area would be the next stop for us. We'll see how to proceed tomorrow.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
@fhy7vadm5i, The 30 is a nice target for us, indeed! We have a gap at 31, so there's a good chance we'll hit there!
turolin
⋅
@Melissa_Amana Great TA! I agree with you! Keep go on :-)
UnknownUnicorn21312077
⋅
@turolin, Thanks, my dear! I appreciate your support! :)
turolin
⋅
@Melissa_Amana, You welcome my dear ;-).
PLTR as a company does not bother me, I am worried about the ARC, the levels at which they bought shares and their game. I hope I'm not a bad prophet, but I smell PLTR levels of $ 17.20, $ 15.45 in 2-3 weeks + that Nasdaq is in correction. What do you think?
My target for short terms is also 25 $-30 $.
UnknownUnicorn21312077
⋅
@turolin, Right now we should wait for more signs, but if it loses the $ 20 we might see more drop! Mid term, I think you are right!