Short
Updated outlook on Palantir (short term vs longterm)
Palantir bullish trend has been severely damaged in last 5 trading days.
Palantir broke its main bullish trend line and at the very same time Classic Gann Top Swing appeared in the chart.
I believe in short time Palantir is not a buy..! However it could be possible to experience a pullback to 30-31 USD.
Most important resistance level: 30-31
Most important support level : 21-23
Palantir broke its main bullish trend line and at the very same time Classic Gann Top Swing appeared in the chart.
I believe in short time Palantir is not a buy..! However it could be possible to experience a pullback to 30-31 USD.
Most important resistance level: 30-31
Most important support level : 21-23
Trade active
If it could not close the next week above 31, there will be another down leg
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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.