So I plotted this fib retracement a while ago using all highs and lows since IPO. I also plotted out a trend line that seems to have been an interesting level between the 618 and 50 fib levels. Today's update included an extension of that trendline (in dotted orange). The interesting part of it all is that this remains a key level on the chart and is almost exactly where
PLTR
was denied after this epic gap-up. Now that it has reclaimed some ground, eyes are on this current resistance to turn support (for longs) as well as the 50 fib level if or when it establishes a new support "up here". With tech flip-flopping, it will be interesting to see how PLTR reacts after 8/12's session.
"One of the best performing industries over the past few months has been in tech stocks. The landscape has drastically changed thanks to the pandemic. Many companies have shifted their tech strategy to move more things online and to a virtual platform... One of the best performing industries over the past few months has been in tech stocks. The landscape has drastically changed thanks to the pandemic. Many companies have shifted their tech strategy to move more things online and to a virtual platform."
Quote & Learn More: Top Tech Penny Stocks To Watch For August 2021
PLTR
was denied after this epic gap-up. Now that it has reclaimed some ground, eyes are on this current resistance to turn support (for longs) as well as the 50 fib level if or when it establishes a new support "up here". With tech flip-flopping, it will be interesting to see how PLTR reacts after 8/12's session. "One of the best performing industries over the past few months has been in tech stocks. The landscape has drastically changed thanks to the pandemic. Many companies have shifted their tech strategy to move more things online and to a virtual platform... One of the best performing industries over the past few months has been in tech stocks. The landscape has drastically changed thanks to the pandemic. Many companies have shifted their tech strategy to move more things online and to a virtual platform."
Quote & Learn More: Top Tech Penny Stocks To Watch For August 2021
