Palantir breaking down
Updated
Since PLTR IPO, the price has been ranging in 3 areas.
It appears we are breaking down from the strongest support (bottom on range 2), and will potentially enter the range 1. This level is also coincidental with 61.8% Fibonacci Retracement line.
I would be willing to enter a position for a long-term trade, if we can reach the high of the IPO, which is approximately $11
It appears we are breaking down from the strongest support (bottom on range 2), and will potentially enter the range 1. This level is also coincidental with 61.8% Fibonacci Retracement line.
I would be willing to enter a position for a long-term trade, if we can reach the high of the IPO, which is approximately $11
Note
Interesting bullish engulfing candle with earnings today.Let's see if if can re-enter the "channel 2"
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