PLTR - Underlying weekly candle suggests extreme caution

SmartReversals
04-20

$Palantir Technologies Inc.(PLTR)$ : While last week's 6% rally appears promising, the underlying weekly candle suggests extreme caution due to indecision.

This cautious signal is reinforced by the volume shelf acting as potential resistance at $99. Similar occurrences in the past (marked by red arrows) have preceded pullbacks.

➡️Is this time different? For bullish continuation to be considered, the level of $94.1 needs to be decisively recovered; otherwise $89.3 will be revisited this week.

Last week, in the Weekly Compass I posted $99.2 as bullish target, and that was exactly the rejection point🎯.

ImageImage

For whom haven't open CBA can know more from below:

🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!

Find out more here：

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
6