Target for this advanced breakout on PLTR!
Hello Tradingview community! We have a strong divergence on PLTR, and an Advanced Breakout on the RSI. I did an educational post about advanced breakouts and how to trade them, I recommend the reading! ;)
Now PLTR is in an extremely oversold area, and it will likely do a rally next.
In the 4-hour chart we have a good looking hammer, and a rally to one of the fibo retracements is very likely, given the RSI divergence + advanced breakout in the 30 minutes chart, and this hammer in the 4-hour chart. The $ 22.41 is a good exit point.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Now PLTR is in an extremely oversold area, and it will likely do a rally next.
In the 4-hour chart we have a good looking hammer, and a rally to one of the fibo retracements is very likely, given the RSI divergence + advanced breakout in the 30 minutes chart, and this hammer in the 4-hour chart. The $ 22.41 is a good exit point.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
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