Hello fellow traders and investors, here's another trade idea.
PLTR has been in a downtrend and is finally showing signs of a reversal. If PLTR makes a recovery then it offers around a 45 to 50% ROI.
Technicals:
The Macd indicates that PLTR is oversold
The Macd indicates that PLTR is close to crossing its EMA
The Ema's are about to crossover
PLTR broke the trendline which acted as a resistance
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
I recommend selling at its previous high which offers around a 45 to 50% ROI.
Fundamentals: PLTR engages in the development of data integration and software solutions. This sector is set to grow in the coming years. PLTR is overvalued sitting at around 129 Forward P/E which isn't great however it does have amazing growth sales-wise Q/Q at around 40%.
I would watch your position size if you decide to take a position since there's a common resistance at around 30$.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.
PLTR has been in a downtrend and is finally showing signs of a reversal. If PLTR makes a recovery then it offers around a 45 to 50% ROI.
Technicals:
The Macd indicates that PLTR is oversold
The Macd indicates that PLTR is close to crossing its EMA
The Ema's are about to crossover
PLTR broke the trendline which acted as a resistance
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
I recommend selling at its previous high which offers around a 45 to 50% ROI.
Fundamentals: PLTR engages in the development of data integration and software solutions. This sector is set to grow in the coming years. PLTR is overvalued sitting at around 129 Forward P/E which isn't great however it does have amazing growth sales-wise Q/Q at around 40%.
I would watch your position size if you decide to take a position since there's a common resistance at around 30$.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.