BULL VS BEARS who will win?

Palantir Technologies Inc.NYSE

Description

⋅ Dec 15, 2020 4:20 PM

- Broke the trend line , but what counts is the closing price. Still showing some fragility here.
- Bounced from the 13 D EMA
- RSI Cross Over. Bottomed?
- MacD Cross over - buyers may be looking to pick up longs in the vicinity of the trendline. If the price close below the trendline there is a case of more bearishness, but until that occurs bulls may want to actually watch for a bullish crossover instead of focusing on this bearish one.

Supports: 24.59, 22.60, 18.06

Thoughts?

Comment

⋅ Dec 15, 2020 5:23 PM

And if the trendline was wrong? Adjusted it on the 1H chart.

Comment

⋅ Dec 15, 2020 7:52 PM

Looks like it s holding the line.

Comment

⋅ Dec 15, 2020 9:55 PM

Looks like today might have been the trendsline's bottom. Interesting to see what happens in the next 48hs.

Trend Analysis

Comments

wujo

⋅ Dec 15, 2020 4:54 PM

Feeling the same. A bit iffy now that it crossed the trend line, but the MACD and RSI look juicy for entry.

FrostyPog

⋅ Dec 15, 2020 4:37 PM

I'm out below 26.00

FrostyPog

⋅ Dec 15, 2020 5:05 PM

@aforceofmotion just kidding. im an awful trader and change my stop loss. 25.75 AND NO MORE.

Dalides

⋅ Dec 15, 2020 5:21 PM

@aforceofmotion, :-) lol. Well, kinda same. I set mine at today's lowest. 25.52. It's playing sideways.

FrostyPog

⋅ Dec 15, 2020 5:39 PM

@Dalides, I sure hope it holds.

wardaK

⋅ Dec 16, 2020 9:26 AM

Good and clear analysis. I agree except that I see it bottomed to $16.53 if it goes bearish. Curious to see where it takes us in the next 48H.