kgiap123

PLTR - Buy on Dip ??

kgiap123 Updated   
NYSE:PLTR   Palantir Technologies Inc.
This week we are seeing PLTR closing Fast Turtle Buy above weekly EMA20 with relatively higher volume which result in FiFT spike.
Daily chart looks good too as it breaks EMA50 after Buy on Dip signal bounce from EMA200.
Price is closing above VPOC 24.8 which I regards as immediate Strong Support.
23 is key support to maintain Higher Low uptrend price structure

MCDX Banker 17% exceeding Retailer 9% volume
Banker's % staying above Banker's MA indicating Banker is getting into position.
I expect Banker's MA to GOLDEN CROSS above Retailer's MA in next few days

FiFT remain +ve indicating BULL is relatively stronger than BEAR.

Upward gaining MOMENTUM

RISK - Earnings 18 Nov
Current price to 23 support level is about 10% risk.
Still not too late to get into position to build profit buffer and hold through the earnings.

Support : 24.5, 23
Immediate Resistance : 29.22, 30-31.5 GAP to fill
Target : 30-32 by early DEC





Trade active:
Slow Turtle Sell signal is out.
FiFT become -ve
Back to support / ema200

Cut If candle close below EMA200 and trendline.
Trade closed: stop reached:
Break trend line

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