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javaman1376
Mar 20, 2021 7:04 PM

PLTR breakout again Long

Palantir Technologies Inc.NYSE

Description

3 potential outcomes here. I want to see green volume within the next few days. This would break the falling wedge continuation pattern and with enough volume could break the channel, giving PLTR good hopes for the future. If not, the .68 level can serve as a support to form a descending triangle. If PLTR does a v-reversal off of the dotted line, this could form a double bottom, and the 0.5 fib level or $27.5 acts as the resistance. Next few days should be exciting for PLTR
Comments
HHSPN
Double bottom, you mean at 20.67-20.23?
javaman1376
@HHSPN, Yes, but it looks like its going to have to happen this week if it does
HHSPN
@javaman1376, Thanks, might be worth a gtc order for a week in case market has fast dip.
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