Hi everyone!
Today I analyze
PLTR
stock price movement.
For a preface, I consider Palantir a great company with interesting business strategy, so it's a buy for a long-term hold in my book.
But
We are here to analyze it's recent movements and decide where to buy/sell.
What's going on?
There are two notable shorter-term levels that developed in the last couple of months:
23,7 and 26,8.
Watch the price action around them closely.
What's next?
IF
27,5 is taken, we see melt up to 30,45 level.
ELSE
We test 23,7 again.
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
Today I analyze
PLTR
stock price movement. For a preface, I consider Palantir a great company with interesting business strategy, so it's a buy for a long-term hold in my book.
But
We are here to analyze it's recent movements and decide where to buy/sell.
What's going on?
- Price has been moving sideways in 16-27 range since February 2021.
- Long-term trend channel established after bouncing from 16,38 level.
- Strong supply level at 27,5.
- Strong demand level at 20,88.
There are two notable shorter-term levels that developed in the last couple of months:
23,7 and 26,8.
Watch the price action around them closely.
What's next?
IF
27,5 is taken, we see melt up to 30,45 level.
ELSE
We test 23,7 again.
Trade wisely and good luck!
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
