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Palantir Technologies Inc.
Long

PLTR long swing trade idea

By TK0421
On hourly chart, there is clear bullish falling wedge. Objective entrance when it breaks out of bulling falling wedge. If it gaps up, maybe take a small position in case it rips, but otherwise add on when it back test the wedge. Oversold reading on RSI and divergent low additionally increase odds in favor of bounce here. $31.18 is a solid support. Probably set a stop somewhat below depending on your target.

Have a good trade everyone,

T.
Chart PatternsTechnical IndicatorslongtradeideaPLTRpltrlongswingsetupswingtraderswingtradingTechnical AnalysisTrend Analysis
TK0421

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