Planet Labs PBC
Long
Updated

PL - Earth Imaging Satellite Company

478
Planet Labs PBC is an Earth-imaging company. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action.

This is a sympathy play to RWD which has already doubled in last couple of months.

Breakout Zone: $2.40

Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend.

Resistance Points:

$2.40
$2.60
$3.00
$3.30

Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.

Trading Strategy:

Take Profit (TP): Target $3.70

Stop Loss (SL): Set at under $1.90 to mitigate potential losses.

Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.

Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.

Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Trade closed: target reached
pain again SL hunt and now big pump!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.