$PLTR 1D TF, PULLBACK, SUPPORT & RESISTANCE TEST

8 Feb 2021

Based on TA, the trend created was an uptrend plus it formed a C&H pattern which creates a bullish signal in a 1D TF. An aggressive buy was set @ the golden ratio 50% FR, while conservative buy was set @ 38%. A pullback test after hitting the new-high (resistance) is also expected if it will have a weak resistance. however, a rumor about a contract between Facebook and Palantir. I don't think if it's still a rumor for the reason that, as per facebook careers page, one of the qualifications they prefer is having a familiarity with link analysis tools, and Palantir is included as a tool. Still, there's no news about the said contract, but if the contract between FB and PLTR will pursue, a bullish movement is then expected.