PLTR has been forming a longer term reverse head and shoulders base. Key level is 27.50. Will look for an entry in the green box or pull into the 21ema if price makes a run into 27.50. There is a lot of interest in this name so a clean break could yield a decent move especially if the broader market continues to be strong. Fib extensions above would serve as targets.
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Approaching key level today. Keep an eye on this one tomorrow.
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Breaking out. I you didn't take it on the break already wait for the first pull back.
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Using the ema cloud for entries helps. 1st pull back is always the best.
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Coming in on T1. I'm already trimming a bit here coming into 29.
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T1 hit. Held at high today. Still looking for a move higher into 31. The SPY and QQQ sold off with the mega caps but small cap growth finished positive.
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dropped back into the green box. Could bounce back out but if yesterday's low is taken out I will close the remainder.
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Held that low and pushed higher after FOMC. Still targeting 31 next.
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Stopped out on drop back into the box with today's sell off.