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PLTR

PLTR: This is the BEST place for a REACTION!Hello traders and investors! Let’s see how PLTR is doing today! The pullback was more intense than we expected, but the situation was always under control. In the short-term, we triggered a bearish pivot point at $ 27.91 (red line), and this made PLTR seek its next support levels. The $ 25 area was a floor for it, and now, any good bullish reaction might be just an excuse to buy. In the daily chart, we see that the $ 25 area coincides with this nice purple trendline, which is connecting PLTR’s bottoms since May. Considering we are clearly in a bull trend, doing higher highs/lows, I see this just as a possible opportunity to buy. So far, we have no confirmation yet, but we might see something good soon. Now is the best place for PLTR to find its support and start to react. Remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you! Have a good day.
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by Nathan_The_Finance_Hydra
6
What are the support levels for Palantir?PLTR sits at the upper border of the most important support zone: 23.60-25.75 We also have the bullish trend line in the middle of this zone. closing below 23.60 could push PLTR to the most strong level of 21.5..! I believe by mid-October we can have a better estimation of the price trend, meanwhile, we wait for the price action and sign of reversal! DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Moshkelgosha
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by Moshkelgosha
PLTR: I told you to BUY the DIP!Hello traders and investors! Let’s see how PLTR is doing today! Since our last analysis, PLTR did confirm our Double Bottom pattern above the $ 26.07, and it resumed the bull trend nicely. Now it is doing a pullback to the 21 ema in the 1h chart, as usual, and the situation seems to be under control. Yes, PLTR is dropping today, but since the volume is so low, I’m not convinced that it’ll keep dropping. Either way, we must keep our eyes on the $ 27.91, as this is a possible bearish pivot point, which could make PLTR drop a little bit more, if triggered. In the daily chart, we see that PLTR is just trending nicely, and if it triggers the bearish sign in the 1h chart, a pullback to the 21 ema would be expected again. So far, we have not a single bearish sign, not even a possible pullback sign, so we’ll just assume that it is seeking the gap at $ 31.34. The gap is our next target, however, for the long-term, we expect that PLTR will retest the $ 45 again, and we have technical reasons for that. The moment PLTR broke the $ 27.47, it triggered a pivot point in the weekly chart, and this long-term reversal sign is something impressive. It is above the 21 ema again, and the volume increased nicely during and after the breakout of the pivot point. All of this tells me that PLTR will fly again, but first, let’s focus on the key points mentioned in this analysis. Remember to follow me to keep in touch with my daily updates, and if you liked this analysis, please, support it before you leave! Have a good weekend!
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by Nathan_The_Finance_Hydra
5
PLTR: Buy the dip?Hello traders and investors! Let’s see how PLTR is doing today! First, in the 1h chart, it is dropping today, but it seems the $ 26.07 is working as a short-term support, possibly forming a small Double-Bottom chart pattern. It is too soon to tell, but this support level makes sense when we analyze the daily chart: In the daily chart, we lost the $ 27.47, which was our target, but it just dropped to hit the 21 ema, which is another good support level. So far, we have no true bullish reaction , but if we see one, I think it’ll be an good excuse to buy PLTR. So far, we are recovering nicely but we should wait for more information. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good day!
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by Nathan_The_Finance_Hydra
2