worldlyTacos81375

PLTR - On the Precipice of Greatness

Short
NYSE:PLTR   PALANTIR TECH INC

I jumped into PLTR back in mid/late FEB when it was tanking pretty hard. I've been patiently waiting and pulled the trigger on another lower price point to decrease my DCA . After more waiting... I think we're on the precipice of greatness here with PLTR .

Most of my points are called out above. Some additional notes here.

  • 2 day candles show a LONG stretch of being oversold
  • Last time we left oversold we saw a 79% pump
  • We've once again been oversold for a very long stretch
  • Double bottom established and could give us the momentum we need to break out of the oversold position


Things to keep an eye on:
  • Would be really nice to see the DMI tick up towards bullish momentum
  • Keep an eye on the neck line of the W (orange dotted line) - needs to break that to finish the push

Obviously do your own research and due diligence before investing... but as for me... I just like the stock.

-Matt
Comment: Here we go folks! Two big days in a row. Solid cross on the Stochastic RSI and good momentum on the DMI. We're well on our way to the double bottom neck line!

Comments

so far, you're chart is looking like the winning chart. 2 thumbs up.
Reply
@hector158, Hey thanks! I think it's looking good... but still too early to declare a full win. Great to see two solid days of green, might encourage some additional upward momentum!
Reply
good stuff
Reply
@kossinator, Thanks. Bit of a slow start for today... but I'm still holding strong.
Reply
Great analysis
Reply
worldlyTacos81375 truthfulCode92902
@truthfulCode92902, Thanks. Here's to hoping that I'm not wrong... !
Reply
I completely agree with you. I also got in too early, but I think we're ready for the big long now!
Reply
@Moneymakero, have a feeling we're going to be green all next week!!
Reply
Moneymakero worldlyTacos81375
@worldlyTacos81375, Absolutely!
Reply
@worldlyTacos81375 I'm gonna go with start of April we might see some green again. This week is the last week of March, it's a short trading week, AND the end of Q1.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out