Ok, PLTR broke the red line now, no excuses this time, and we have an advanced breakdown on the RSI. This increases the odds of a correction, and this would be great for PLTR.
We have another divergence on the 4h chart RSI as well, but the 20ma is getting closer, and it is at 23.64 rn. This kind of ruins my idea of buying PLTR at 22, but that’s ok. I’m interested at a good risk-reward ratio, not necessarily in buying at the best price possible. We must have different strategies regarding trading and investing, remember this! 😉
I find amazing that the BB are very tight in the 30min, and if we see this in the 4h chart, I’ll be very happy! It feels like PLTR will explode soon! I’ll keep you guys updated every day about it!
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Thank you for the chart and comments. It will be very interesting to see the CPI report tomorrow as I think a lot of stocks like PLTR got dumped late day today in anticipation.
UnknownUnicorn21312077
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@Beetap, this makes sense! We'l see how it'll play tomorrow. TY for the support! :)