Hello traders and investors! Let’s see how PLTR is doing today!
Yes, it lost the purple trendline we talked about in our last study, it did the pullback as expected, and now we have a good reaction. We see that PLTR is resuming the bull trend, by doing higher highs/lows in the 1h chart, and it is above the 21 ema again.
It seems the purple line is now a resistance for us, but that’s ok. Now, let’s see the daily chart:
After our last analysis, PLTR just dropped to the 21 ema in the daily chart, and it did a fantastic reaction: A Piercing Line pattern.
In fact, PLTR could’ve dropped all the way down to the purple line and the trend would still be bullish. The only thing that is not the best is the volume, which is still a little low.
The bullish thesis we did build last week is still intact, and PLTR is still bullish. If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good weekend!
Yes, it lost the purple trendline we talked about in our last study, it did the pullback as expected, and now we have a good reaction. We see that PLTR is resuming the bull trend, by doing higher highs/lows in the 1h chart, and it is above the 21 ema again.
It seems the purple line is now a resistance for us, but that’s ok. Now, let’s see the daily chart:
After our last analysis, PLTR just dropped to the 21 ema in the daily chart, and it did a fantastic reaction: A Piercing Line pattern.
In fact, PLTR could’ve dropped all the way down to the purple line and the trend would still be bullish. The only thing that is not the best is the volume, which is still a little low.
The bullish thesis we did build last week is still intact, and PLTR is still bullish. If you liked this analysis, remember to follow me to keep in touch with my daily updates.
Have a good weekend!
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