Technically, PLTR is in an uptrend now with registered higher high and higher low.
The good quarterly report today pushed price up to an intermediate resistance. Might see a pullback to close the gap, but that could mean better entry for us.
Target profit 1 set at $27 i.e. next resistance.
Will observe price action again to see if target profit 2 ($31 area) is a good target.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
The good quarterly report today pushed price up to an intermediate resistance. Might see a pullback to close the gap, but that could mean better entry for us.
Target profit 1 set at $27 i.e. next resistance.
Will observe price action again to see if target profit 2 ($31 area) is a good target.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
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Unless strong selling pressure comes back in before the today's close, this long bias is still valid.