PLTR - On the Precipice of Greatness

Mar 26, 2021

I jumped into PLTR back in mid/late FEB when it was tanking pretty hard. I've been patiently waiting and pulled the trigger on another lower price point to decrease my DCA. After more waiting... I think we're on the precipice of greatness here with PLTR.

Most of my points are called out above. Some additional notes here.

• 2 day candles show a LONG stretch of being oversold
  
• Last time we left oversold we saw a 79% pump
  
• We've once again been oversold for a very long stretch
  
• Double bottom established and could give us the momentum we need to break out of the oversold position
  

Things to keep an eye on:

• Would be really nice to see the DMI tick up towards bullish momentum
  
• Keep an eye on the neck line of the W (orange dotted line) - needs to break that to finish the push
  

Obviously do your own research and due diligence before investing... but as for me... I just like the stock.

-Matt

Mar 31, 2021

Note

Here we go folks! Two big days in a row. Solid cross on the Stochastic RSI and good momentum on the DMI. We're well on our way to the double bottom neck line!