FrancescoMerlettini

#PLTR reacts well on 20$ support and closed above yesterday high

Long
NYSE:PLTR   Palantir Technologies Inc.
As I shared this morning, I hoped for a daily close abve the high of the yesterday doji candle. The price managed to close higher than that and this is to me a great sign of possible reversal and confirmation of the rebounce from the 20$ level.

I just would like to mention that the last two times the RSI touched the oversold territory (May and July 2021) the price reacted reaching an average of 45% increase and I want to think that this might be happening again this time.

Not a financial advice, just personal opinion. Do your own due diligence and good luck!
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.