Yes, PLTR lost the support at the 50% retracement, and I think we are heading to the 61.8% next. In the 30min we have a divergence, but it is not a strong one. We are still pretty oversold, but this didn’t top PLTR from dropping today.
We have a possible sign of life on PLTR here, but again, I’m focusing on the fibs retracements, as we can see here:
It seems we’ll hit the 21, but the RSI is too oversold. We have a complex scenario where PLTR can just drop more to the retracement or respect the RSI and go up tomorrow. It feels like the chances are 50/50. What you think?
I prefer to wait for more confirmation now.
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See you soon,
Melissa.
We have a possible sign of life on PLTR here, but again, I’m focusing on the fibs retracements, as we can see here:
It seems we’ll hit the 21, but the RSI is too oversold. We have a complex scenario where PLTR can just drop more to the retracement or respect the RSI and go up tomorrow. It feels like the chances are 50/50. What you think?
I prefer to wait for more confirmation now.
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 😉.
See you soon,
Melissa.
