Long
PLTR reversal to upside on huge volume & morning star pattern
PLTR on 4 HR: showing signs of reversal to upside
RECENT NEWS
Cathie Wood's Ark Invest ETFs acquired over 6.8 million shares of PLTR last week.
TECHNICAL OBSERVATIONS
PLTR was trading in an upward channel but broke below the channel early last week (2/16).
Toward end of the week, PLTR recently bounced with huge volume with more institution buying.
NYSE:PLTROn the daily chart, the morning star candlestick pattern was created on Friday (2/19) which indicates a bullish reversal to upside.
SUPPORT & RESISTANCE
Resistance: $31.30 | $36.60 | $38.20 | $40
Support: $24.80 | $23.35
RECENT NEWS
Cathie Wood's Ark Invest ETFs acquired over 6.8 million shares of PLTR last week.
TECHNICAL OBSERVATIONS
PLTR was trading in an upward channel but broke below the channel early last week (2/16).
Toward end of the week, PLTR recently bounced with huge volume with more institution buying.
NYSE:PLTROn the daily chart, the morning star candlestick pattern was created on Friday (2/19) which indicates a bullish reversal to upside.
SUPPORT & RESISTANCE
Resistance: $31.30 | $36.60 | $38.20 | $40
Support: $24.80 | $23.35
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