Palantir is obeying technical analysis and it is behaving according to the plan.
Today it is breaking the 26.71, the breakpoint that would resume the bull trend, as we talked about I my last analysis. The only thing that could trigger a pullback is if PLTR loses the 26.71 again and make this a false breakout.
But we are good for now, and we shouldnβt worry about what didnβt happen.
The problem is that PLTR is overbought in the 4h chart, and if we see a bearish pattern here, it could trigger a pullback. But since we donβt have one, we are ok. π
Even if it drops, this doesnβt change our target at 30. Iβll keep you guys update in a daily basis!
If you liked this trading idea, remember to click on the βFollowβ button to get more trading ideas like this, and if you agree with me, click on the βAgreeβ button π.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.