PLTR: I have 3 points for you to keep your eyes on!
Hello traders and investors! Let’s see how PLTR is doing today!
I have 3 key points for you. First, the $ 20.18. This is a strong resistance, which PLTR failed to break before the recent drop. This is the most important point for a mid-term reversal.
Second, we have a short-term congestion, and its bottom level is the $ 18.52. If PLTR drops below this point, it’ll resume the bear trend and seek the next support levels, like the $ 17.
Last, we have a micro pivot point at $ 19.46, which if defeated, could make PLTR retest the $ 20.18, and then, the fight will be intense.
In the daily chart, PLTR looks quite pessimistic, but the reaction seen on Tuesday might bring something new for us. The volume was great, but as promising as this sounds, we are still in a bear trend in short/mid-term, and no reversal sign yet.
Let’s just keep our eyes on the $ 20.18, as this is the most important key point to watch. If you liked this analysis, remember to follow me to keep in touch with my studies, and please, support this idea if it helped you!
Thank you very much.
I have 3 key points for you. First, the $ 20.18. This is a strong resistance, which PLTR failed to break before the recent drop. This is the most important point for a mid-term reversal.
Second, we have a short-term congestion, and its bottom level is the $ 18.52. If PLTR drops below this point, it’ll resume the bear trend and seek the next support levels, like the $ 17.
Last, we have a micro pivot point at $ 19.46, which if defeated, could make PLTR retest the $ 20.18, and then, the fight will be intense.
In the daily chart, PLTR looks quite pessimistic, but the reaction seen on Tuesday might bring something new for us. The volume was great, but as promising as this sounds, we are still in a bear trend in short/mid-term, and no reversal sign yet.
Let’s just keep our eyes on the $ 20.18, as this is the most important key point to watch. If you liked this analysis, remember to follow me to keep in touch with my studies, and please, support this idea if it helped you!
Thank you very much.
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