PLTR is doing good movements today! And here it is the strategy Iโll use on it:
If it breaks the red line, itโll likely hit the 23.34. Then Iโll just wait for a good reversal candlestick / chart pattern around. If it doesnโt hit there, then Iโll trade better stuff, with better risk-reward.
The 4h chart makes me nervous. Yes, thereโs the glimpse of a pennant here, but I rather buy when the charts are clearer to me. The good news is the 20ma, which is going up and perhaps itโll hit the price soon.
This would be good, and would surely help me to trade PLTR, but it is too soon to say this.
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