PLTR: It found its bottom! What to expect next?
Hello traders and investors! Let’s see how PLTR is doing today!
First, in the 1h chart, we see a crystal-clear bull trend, as it is doing higher highs/lows. The trend is not as strong as we would wish for, but it is looking good.
The $ 24.71 is a key point for us, as it was the previous top, and it is supposed to become a new resistance for us, and at the same time, a pivot point. Now, let’s see the daily chart:
Since PLTR found a support at the gap area, it has been trying to react. The reaction in the 1h chart it is a good start for a possible reversal in the mid-term, but it feels like the $ 24.71 is the most important price level for us here too.
The $ 24.71 is a pivot point, and it is close to the 21 ema in the daily chart, which is still falling and pointing downwards. By breaking these 2 resistances, PLTR could easily fly again to the $ 29 area, as we don’t have any other meaningful resistance until there.
There’s something missing, which is the volume. This low volume is depressing, but the price action is clear. We have some very good signs on PLTR, but we must wait for more confirmation.
If you liked this analysis, remember to follow me to keep in touch with my daily updates!
Have a good day.
First, in the 1h chart, we see a crystal-clear bull trend, as it is doing higher highs/lows. The trend is not as strong as we would wish for, but it is looking good.
The $ 24.71 is a key point for us, as it was the previous top, and it is supposed to become a new resistance for us, and at the same time, a pivot point. Now, let’s see the daily chart:
Since PLTR found a support at the gap area, it has been trying to react. The reaction in the 1h chart it is a good start for a possible reversal in the mid-term, but it feels like the $ 24.71 is the most important price level for us here too.
The $ 24.71 is a pivot point, and it is close to the 21 ema in the daily chart, which is still falling and pointing downwards. By breaking these 2 resistances, PLTR could easily fly again to the $ 29 area, as we don’t have any other meaningful resistance until there.
There’s something missing, which is the volume. This low volume is depressing, but the price action is clear. We have some very good signs on PLTR, but we must wait for more confirmation.
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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