PALANTIR Next break above the 1D MA50 is a buy signal.

Palantir (PLTR) has been trading within the 1D MA50 (blue trend-line) - 1D MA100 (green trend-line) range since August 09. This consolidation is technically the bottom formation near the Higher Lows trend-line of the long-term Channel Up.

Last time the price traded below the 1D MA50 for that long was from November 17 2022 to January 17 2023. The 1D RSI sequences between now and then are indentical on Channel Up patterns. Onve the price broke above the 1D MA50 for the 2nd time, it started a rebound that peaked within the 1.236 - 1.382 Fibonacci zone.

As a result, we will wait for as long as it takes (most likely will be very soon) for one more break above the 1D MA50 in order to buy and target $22.35 (1.236 Fibonacci level).

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