Palantir is approaching a key support zone that aligns with Fibonacci levels, indicating a potential rally opportunity. Here are the details:
💡 Setup Details:
Entry Zone: $60.04 - $67.68 (Green Box)
Stop-Loss: Below $58.44 (Invalidation Level)
🎯 Targets:
Target 1: $90.72
Target 2: $106.84
🔍 Analysis:
- After completing a wave correction, PLTR is consolidating near critical support levels. This could act as a springboard for the next impulsive move upward.
- The volume profile suggests strong interest around this range, adding confidence to the potential setup.
⚡ Strategy:
- Watch for confirmation within the support zone before entering.
- For medium- to long-term investors, this could present an attractive risk-to-reward opportunity.
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@ TheStockWhale on Twitter / X
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.