$PLTR Pulling Back to Pivot / Breakout Area

3月11日

NYSE:PLTR Here is a strong one for your watch list. This is perfectly normal action (so far) for a stock to pull back to its breakout area. It is pulling back on declining volume. All this is textbook action.

I will be looking for the resumption of uptrend before I get involved. That could take a day, a week, or more. Patience will be key. I will update this idea if / when it looks to me to get involved. All TBD.

For those interested, the chart set-up I am using is the LevelUp All-in-One Charting Tool here on TV.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

3月11日

注释

NYSE:PLTR Continues to consolidate here. Some jumped the gun this morning but those may be institutional buyers looking to hold long term. Even on this 5 min chart selling is at lower volumes than buying. I'd like to see this pullback a little more and settle down for a few day. Lets see what what happens.

3月12日

交易开始

I have opened a 1/2 size position on the 6/20 MACD cross. Stop is tight just below the last 5 min bar. Lets see what happens.

3月12日

交易结束：到达止损

That did not work. I am out for a very small loss. It either went or I was out. Choppy day.

3月15日

注释

NYSE:PLTR Has continued to pullback, which I like. I have made a notation on the chart below of the AVWAP from earnings. So far it is hanging right on it. This "could" be an area of support. We will not know that until and unless it moves up from this area. This one is high on my watchlist but I will not buy while it is still moving down.

3月15日

注释

Note, on the chart above, volume is still declining as price moves down. This should be a good sign as people are not rushing for the door. If we get a reversal candle from here next week, risk reward will be well defined.

3月16日

注释

NYSE:PLTR spent most of the day below the AVWAP from earnings. There is a wide area beginning just below today's range that could be an additional area of support. Bottom line, until it moves up and over the downtrend line in blue, this is a downtrend.

3月18日

交易开始

I just took a small position with my stop just below today's low. It triggered my entry by crossing the downtrend line. Lets see what happens.

3月18日

注释

3月18日

注释

NYSE:PLTR I am loving this entry (so far).

3月19日

交易手动结束

I do not like this mornings action, I have closed it and it is back on my watchlist. Small loss.