PLTR almost hit our target at 26, and I still think it’ll hit there, but we have a correction first.
The RSI was too overbought this morning, so, that was expected. Now the 25.04 is a breakpoint for us, and if PLTR loses it, the advanced breakdown on the RSI will confirm.
This could make PLTR drop to the 24.60 area in the 4h chart.
We have the 20ma and the red line as supports, but the BB are getting tight again, and this tells me PLTR could explode again soon.
The question is if it’ll do a pullback before that or not. The 25.04 will answer our question. But regardless of anything else, the 26 is still the target.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
The RSI was too overbought this morning, so, that was expected. Now the 25.04 is a breakpoint for us, and if PLTR loses it, the advanced breakdown on the RSI will confirm.
This could make PLTR drop to the 24.60 area in the 4h chart.
We have the 20ma and the red line as supports, but the BB are getting tight again, and this tells me PLTR could explode again soon.
The question is if it’ll do a pullback before that or not. The 25.04 will answer our question. But regardless of anything else, the 26 is still the target.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
