PLTR BUY/LONG NOW READY! 16.00 to Potentially 81.50!
TICKER CODE: PLTR
Company Name: Palantir Technologies Inc.
Industry: Technology | Software - Infrastructure | USA
Position Proposed: BUY
Technical Analysis
1. Large Falling Wedge Pattern Forming
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
4. RSI was at OVERSOLD level
The market will more likely than not pullback to 16.00 - 17.00 before another rise up to reach 60.00 and possibly 80.00
Entry: NOW READY (16-20)
1st Partial Take Profit: 59.00 (August - End 2021)
2nd Partial Take Profit: 81.50 (Mid-End 2022)
Company Name: Palantir Technologies Inc.
Industry: Technology | Software - Infrastructure | USA
Position Proposed: BUY
Technical Analysis
1. Large Falling Wedge Pattern Forming
2. Fibonacci Retracement at 0.786 (Silver Zone)
3. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
4. RSI was at OVERSOLD level
The market will more likely than not pullback to 16.00 - 17.00 before another rise up to reach 60.00 and possibly 80.00
Entry: NOW READY (16-20)
1st Partial Take Profit: 59.00 (August - End 2021)
2nd Partial Take Profit: 81.50 (Mid-End 2022)
Comment:
Note that pltr might fall a little under our entry to somewhere around 14 for 1 more test down our wedge.