About to give us another chance to buy! ๐
Ok, PLTR was doing just fine, but it did this immense red Marubozu in the 30min chart, at 10am and this destroyed the bullish thesis (but not for good).
Yes, PLTR is still a great company, but that doesnโt mean we shouldnโt see pullbacks around, especially with the Nasdaq doing some bearish patterns around. This made PLTR lose the support at 24.68, and this might indicate weโll see a correction ahead.
We have an advanced breakdown from the RSI in the 4h chart, and the indicator has been showing divergences for some time. Now, we are at the 20ma and the BB are getting tight, as the volatility decreases once again.
Our next trade is near, and I still need to buy more shares, but it seems Iโll do it after a pullback. We must be careful on PLTR, but this doesnโt mean that PLTR will crash. Far from that. I invest at it for the long run, but I like to trade it when I see a good movement around.
Letโs keep an eye on the Nasdaq, as it will dictate how PLTR will move in the next few days.
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.
Yes, PLTR is still a great company, but that doesnโt mean we shouldnโt see pullbacks around, especially with the Nasdaq doing some bearish patterns around. This made PLTR lose the support at 24.68, and this might indicate weโll see a correction ahead.
We have an advanced breakdown from the RSI in the 4h chart, and the indicator has been showing divergences for some time. Now, we are at the 20ma and the BB are getting tight, as the volatility decreases once again.
Our next trade is near, and I still need to buy more shares, but it seems Iโll do it after a pullback. We must be careful on PLTR, but this doesnโt mean that PLTR will crash. Far from that. I invest at it for the long run, but I like to trade it when I see a good movement around.
Letโs keep an eye on the Nasdaq, as it will dictate how PLTR will move in the next few days.
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.
