Long
Palantir found support
Palantir is still in the bullish channel since early November. We are at the bottom and today is crucial for further climb. If we find the support my target is the previous high at 31usd, if the current bullish channel support would be broken today, I expect a drop to fib 1.618 at the 21-22usd support area. Rsi is neutral.
Note
Palantir found support at MA50 and bounced almost 10%. Bulls broke red line downtrend. There is some resistance at 28 area and if bulls are able to break it, easy target is 30-31usd. Higher highs are forming so that's a good sign. Happy trading guys.
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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.