Short
PLTR signals over bought
PLTR breaks above its upward trend signaling that it is over bought and poised for a possible reversal
- When stock is trending upwards steadily, seeing it break above its upward trend is a sign of price exhaustion
- when this occurs we usually a experience a reversal shortly after
- sometimes stocks going really far into overbought zones before finally turning around.
- We see the last 2 hours of trading, the stock started selling off when smart money was in control indicating that the stock was too expensive
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