PLTR TECHNICAL ANALYSISpltr looks like it wants to break trend and recover to fill the gap on daily.
gap level
- 22.60 - 24
feel free to give and/or suggest advice on anything.
Pltrforecast
PLTR Bearish Idea (Short term) 120121One year support level at 20.24 has been breached.
Zooming into to 1M reveals three consecutive high RSI to low RSI moves. Each move lower resulted in sideways price action with a small move higher then subsequent lower move. The first drop resulted in a -18.63% decline, the 2nd -13.77%, and the 3rd a -8.88% drop, each decline approx 5% less then the last. Extrapolating this I would estimate the next drop to be approx -3.8% resulting in a $18.68 price, possibly a next support level?
Moving averages: 200 moving day average has been above the 50 since November 10 with the price action currently below both lines.
RSI: Oversold at 21.08, we could see a slight move higher soon before the next drop.
DMI: Red (bearish) trend line looks like it's gaining strength from an upward looking trend strength indicator (yellow line)
Current analysis: Short term bearish, however it's looking like it's poised for a breakout due to being so oversold, watching the $18.68 level. The bearish trend on the DMI looks like there could be more downward price action for the near term.
This idea is for informational/entertainment purposes, this is not investment advice. Please use caution and do your own research before trading.
PLTR LONG term investors outlookLooking to buy PLTR if we do go under 23 . Long term we going back into ATH
PLTR due for Uptick?Closed last week with bullish pin bar, bollinger bands and stochastiscs indicate stock is oversold. Perhaps a long position on PLTR?
PLTR would wait to close above 23.10 to go longPalentir tried to breakout on Friday. But close was weak. Now need to show bulls are in control. Close above 23.10 will likely take it to upside targets (resistances) at 26.30, 28 or 30. Support at trend line, 21.30, 20.90 and last 19.40. Close below 19.40 more downside.
PLTR LongSo much confluence on this setup, with a good market sentiment and momentum i think it will have a huge run in no time. Very high watch for me, currently loading in the entry zone for starter position, will have a full position on the break of the wedge with volume. Happy trading :)
