miguelsique

PLTR beautiful break out today.

Long
NYSE:PLTR   Palantir Technologies Inc.
PLTR gave plenty confirmation of this break out. 22.75 has confirmed a strong area of resistance several times. Plus we see a cup and handle in the 15 min chart, and the BB was tightening indicating a big momentum waiting to happen. so where do we go from here? PLTR price action usually has a history of giving up some of those gains the following day and returning back to consolidation. in order to confirm that this indeed will continue to push higher i would want the price to hold between 24.80 and 25.40. I expect PLTR to be very volatile tomorrow. I do not recommend chasing, instead wait for a clear entry. I can see this to reach 27 if all goes well.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.