PLTR: This is the best bullish structure ever!
Hello traders and investors! Let’s talk about PLTR today!
In our last analysis, I told you PLTR’s movements didn’t convince me, and the conclusion was that it needed to mature its movements a little bit more. The link to our last study is below this post, as usual.
Now it seems we have something new that could make PLTR do another good movement next. We could have a bullish pivot point, which is the best bullish structure ever. Why pivot points are so powerful? Because they break the previous sentiment, and make the stock do a new pattern, made of higher highs/lows, meaning, a bull trend. Every reversal must start with a pivot point. The $ 21.94 is the key point that could make the difference between bull and bear market.
In addition, PLTR is near several support levels, as seen in the daily chart:
We have a congestion here, and as far as I know, it is a good idea to buy near support levels when we are inside a range like this.
We have the purple trendline and the black line are working as support levels for PLTR. We also have the red line at $ 20.18, but I’m not sure if PLTR will reach there at this moment.
Either way, let’s be careful, because although it is looking good, we have no bullish confirmation yet. Remember to follow me to keep in touch with my daily updates, and please, support this idea if you liked it!
Thank you very much!
In our last analysis, I told you PLTR’s movements didn’t convince me, and the conclusion was that it needed to mature its movements a little bit more. The link to our last study is below this post, as usual.
Now it seems we have something new that could make PLTR do another good movement next. We could have a bullish pivot point, which is the best bullish structure ever. Why pivot points are so powerful? Because they break the previous sentiment, and make the stock do a new pattern, made of higher highs/lows, meaning, a bull trend. Every reversal must start with a pivot point. The $ 21.94 is the key point that could make the difference between bull and bear market.
In addition, PLTR is near several support levels, as seen in the daily chart:
We have a congestion here, and as far as I know, it is a good idea to buy near support levels when we are inside a range like this.
We have the purple trendline and the black line are working as support levels for PLTR. We also have the red line at $ 20.18, but I’m not sure if PLTR will reach there at this moment.
Either way, let’s be careful, because although it is looking good, we have no bullish confirmation yet. Remember to follow me to keep in touch with my daily updates, and please, support this idea if you liked it!
Thank you very much!
⚠️ Want to take your trading to the next level?
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com
Related publications
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.