Is PLTR a wise bet right now? ๐ค๐ค๐ค
Ok guys, despite the advanced breakouts on the 30min chart, PLTR is not flying right now, but in my view, it is a good thing that it keeps accumulating. The BBs are very tight, and sooner or later, itโll do a breakout.
The risk-reward ratio is more interesting for long trades, because we have too many supports and the RSI is quite oversold in the 4h chart:
If PLTR loses the 50% retracement it might just hit the 61.8% at 21, but we must consider the RSI. But if we explode upwards, it looks like thereโs no limit to PLTR! Nevertheless, it is always important to work with targets, and the resistance at 25.05 is the first one PLTR will have to deal with during its ascension!
I already have my strategy for PLTR, do you have yours? I think PLTR is one of the best stocks to trade around, but certainly is not the n# 1. I see stuff much more interesting than PLTR around. ๐
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
The risk-reward ratio is more interesting for long trades, because we have too many supports and the RSI is quite oversold in the 4h chart:
If PLTR loses the 50% retracement it might just hit the 61.8% at 21, but we must consider the RSI. But if we explode upwards, it looks like thereโs no limit to PLTR! Nevertheless, it is always important to work with targets, and the resistance at 25.05 is the first one PLTR will have to deal with during its ascension!
I already have my strategy for PLTR, do you have yours? I think PLTR is one of the best stocks to trade around, but certainly is not the n# 1. I see stuff much more interesting than PLTR around. ๐
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
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