PLTR: Will it hit our target again? Let's see.
Hello traders and investors! Let’s see how PLTR is doing today! We have many interesting key points to watch this week.
First, in the 1h chart, the trend is 100% bullish. We have a sequence of higher highs/lows, and there’s nothing indicating that PLTR will drop.
The 21 ema and the red line at $ 25.74 made a dual-support level, which PLTR must not lose. Otherwise, it’ll trigger a possible Head & Shoulders chart pattern, and this would delay our plans, but wouldn’t invalidate our bullish thesis.
If PLTR triggers any bearish pattern, the 21 ema in the daily chart is the support for us:
It wouldn’t be the end of the world. The volume is quite good, indicating that this is a healthy bull trend. We have some remote chances of a pullback, but the price is not confirming anything yet.
So far, PLTR is just heading to our target at $ 27.47. But now it is not the time to buy, as a good buy was around the $ 20s, when I bought it. Let’s see how it’ll behave when it hits there. If you liked this analysis, remember to follow me to keep in touch with my daily updates about stocks and indices!
Have a good day!
First, in the 1h chart, the trend is 100% bullish. We have a sequence of higher highs/lows, and there’s nothing indicating that PLTR will drop.
The 21 ema and the red line at $ 25.74 made a dual-support level, which PLTR must not lose. Otherwise, it’ll trigger a possible Head & Shoulders chart pattern, and this would delay our plans, but wouldn’t invalidate our bullish thesis.
If PLTR triggers any bearish pattern, the 21 ema in the daily chart is the support for us:
It wouldn’t be the end of the world. The volume is quite good, indicating that this is a healthy bull trend. We have some remote chances of a pullback, but the price is not confirming anything yet.
So far, PLTR is just heading to our target at $ 27.47. But now it is not the time to buy, as a good buy was around the $ 20s, when I bought it. Let’s see how it’ll behave when it hits there. If you liked this analysis, remember to follow me to keep in touch with my daily updates about stocks and indices!
Have a good day!
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