PALANTIR:New Beginnings On The Horizon

PLTR is now set for new beginnings as a major cycle has ended for this stock.

Recently the price has been ranging in the the 8.6-11.4 area which is a high demand area ideal for the current accumulation phase .In fact there is a great probability for the bulls to take the lead and push the price significantly up , taking advantage of the nice potential of PLTR .

Although many technical indicators are already anticipating a rally, it is more reasonable to wait for a close above the 12.6 as a confirmation before the entry .

After the confirmation ,the price is likely to reach the first target ,and potentially the second and the third targets if PLTR succeeds to close significantly above the first and the second target areas successively.

For the trade management It is advisable to :
Close 50% of the position when the first target is hit and move the stop to the entry area .
Close 25% when the second target is hit and move the stop to just below the first target area .
Close the remaining 25% when the third target is hit .

The 9.5 level would represent a reasonable stop level which has the advantage of being tighter than the 8 level despite the latter offering more freedom for the movement of price .

FERVENTLY BROUGHT TO YOU BY MANHATTAN STOCKS .
ALL REQUESTS ,SUGGESTIONS AND REMARKS ARE WELCOME .

Comment:

PLTR is now at the 10.5 level which is a level of maximal demand .Entering the trade at this cheaper level before the bullish confirmation would be riskier .It is possible though to place a minor portion of the buy position here with a tight stop at the 9.5 or at the 8 area to offer more freedom for the price movement .