🤬Palantir (
PLTR) will create a major correction:
🔎Analysis summary:
📝Levels to watch:
Phil - @SwingTraderPhilTV
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
🔎Analysis summary:
After a textbook bullish break and retest in mid 2024, we witnessed a parabolic rally on Palantir. During the entire rally, we only witnessed one red candle, which clearly shows some significant overextension. Therefore, Palantir will create a major correction now.
📝Levels to watch:
$200 and $100
Phil - @SwingTraderPhilTV
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade active
🤬Palantir (🔎Analysis summary:
After publishing the original analysis, Palantir already created a nice move lower of about -25%. But looking at all the bearish pressure, this move does not seem to be over soon. Instead it is quite likely that Palantir keeps dropping for another -20% move.
📝Levels to watch:
$100
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Trade closed: target reached
🤬Palantir (🔎Analysis summary:
Yes, Palantir is still not done rejecting the major all time high resistance. And the last time Palantir created such a strong bearish engulfing candle was all the way back in 2022. I think that we all can remember that Palantir dropped -35% afterwards.
📝Levels to watch:
$200 and $100
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
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#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 đź’»
Daily Analysis from Monday - Friday đź’°
3.2K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Swing Trader since the Year 2019 đź’»
Daily Analysis from Monday - Friday đź’°
3.2K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.