PLTR: What could trigger a new bullish run here?
Hello traders and investors! Let’s see how PLTR is doing today!
First, the hourly chart looks quite bearish, and right now, it is retesting the 21 ema, which is falling too. But we have this pink line, which is a support zone that could hold the price.
The volume is starting to increase again, which is a good sign, and today’s first candlestick could be an Ignition Bar, followed by a Gift pattern. If PLTR trades above the $ 25.90 again, it’ll be a great sign of strength, and PLTR could seek higher levels, like the $ 29.42.
Looking at the daily chart, we see a clear accumulation, and it looks like a giant Flag pattern as well.
Right now, PLTR is doing a Harami pattern above the support at the pink line, and if it closes above the 21 ema would be perfect. Usually, Flags are continuation patterns, so, the odds favor the bulls here.
For now, we must wait for these signs to be triggered before anything else, but if you like this analysis, remember to support it! And follow me to keep in touch with my daily updates!
Thank you very much.
First, the hourly chart looks quite bearish, and right now, it is retesting the 21 ema, which is falling too. But we have this pink line, which is a support zone that could hold the price.
The volume is starting to increase again, which is a good sign, and today’s first candlestick could be an Ignition Bar, followed by a Gift pattern. If PLTR trades above the $ 25.90 again, it’ll be a great sign of strength, and PLTR could seek higher levels, like the $ 29.42.
Looking at the daily chart, we see a clear accumulation, and it looks like a giant Flag pattern as well.
Right now, PLTR is doing a Harami pattern above the support at the pink line, and if it closes above the 21 ema would be perfect. Usually, Flags are continuation patterns, so, the odds favor the bulls here.
For now, we must wait for these signs to be triggered before anything else, but if you like this analysis, remember to support it! And follow me to keep in touch with my daily updates!
Thank you very much.
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