PLTR: Impressive reaction! What's next for us here?
Hello traders and investors! Let’s see how PLTR is doing today! As we expected last week, it is flying nicely.
We see a clear bull trend in the 1h chart, as the red arrow is a trend line that is working as a nice support level for us. We retested this support last Friday, and today we are flying, as expected.
Since we went up too much, too fast, there’s a chance that PLTR will correct, and that’s ok. Since it is a bull trend, pullbacks are opportunities to buy. We don’t see any bearish structure around. Now, let’s see the daily chart for more insights:
Ok, PLTR defeated all its short-term resistances, and this reinforces our bullish thesis. We are leaving the 21 ema behind, and the next resistance is the $ 29 area. Probably we’ll see pullbacks along the way, but again, these would be just an opportunity to buy.
PLTR is engaged in a bull trend since it hit the gap area at $ 23, and it found a bottom there as we thought. This is a good sign, and the only thing that I miss is a good volume. However, we see much more bullish signs than bearish right now.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you!
Have a good day!
We see a clear bull trend in the 1h chart, as the red arrow is a trend line that is working as a nice support level for us. We retested this support last Friday, and today we are flying, as expected.
Since we went up too much, too fast, there’s a chance that PLTR will correct, and that’s ok. Since it is a bull trend, pullbacks are opportunities to buy. We don’t see any bearish structure around. Now, let’s see the daily chart for more insights:
Ok, PLTR defeated all its short-term resistances, and this reinforces our bullish thesis. We are leaving the 21 ema behind, and the next resistance is the $ 29 area. Probably we’ll see pullbacks along the way, but again, these would be just an opportunity to buy.
PLTR is engaged in a bull trend since it hit the gap area at $ 23, and it found a bottom there as we thought. This is a good sign, and the only thing that I miss is a good volume. However, we see much more bullish signs than bearish right now.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you!
Have a good day!
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