STAKKNATION

We haven't found the gold in PLTR!

Long
NYSE:PLTR   Palantir Technologies Inc.
PLTR

Waiting, waiting, waiting...

News:
Nothing new, just waiting for earnings; not that it matters; it has failed all previous earnings.

Charts:
EMA ( Exponential Moving Average ): Well, like every other stock, the price is hanging out below the 20/50/100/200 EMA and are all pointing downwards! And yes, Nov. 19th death cross is still in action.

TTM Squeeze: Hmm... have we found the bottom? A double bottom will be nice at this point but tomorrow's interest rate hike will decide.

Fib Levels: The price is bouncing off of the 1 fib and holding a major support.

Candle Stick: Piercing or bullish engulfing pattern. Fingers crossed, we might just be at the end of this downtrend.

RSI: Didn't touch 30 but bouncing off of 32/34 range is not a bad idea. especially if TTM squeeze is stabilizing and candles are looking positive.

Pattern: Bullish rectangle and crossing fingers for a double pattern.

History: See related idea before.

STAKK
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.