Purely technical analysis because fundamentally I like where Palantir is going, lots of potential in the future, because big data = new oil.
There's a good amount of volume accumulating in the $25-$26 range, which is now our support area.
$24 was briefly resistance, we could revisit $24 if $25/$26 can't hold.
I am long on PLTR for the long-run, but for my swing position I am targeting $28 area where the POC on volume profile is.
Future vaccine news should also boost PLTR because they'll be handling the tracking and data of vaccine distribution.
Not showing volume profile for under $20 because under $20 is a great discount buy opportunity for PLTR.
There's a good amount of volume accumulating in the $25-$26 range, which is now our support area.
$24 was briefly resistance, we could revisit $24 if $25/$26 can't hold.
I am long on PLTR for the long-run, but for my swing position I am targeting $28 area where the POC on volume profile is.
Future vaccine news should also boost PLTR because they'll be handling the tracking and data of vaccine distribution.
Not showing volume profile for under $20 because under $20 is a great discount buy opportunity for PLTR.
Trade closed: target reached:
Great swing trade.