PLTR Falling wedge pattern! Look for a reversal!
PLTR Palantir TechPrice Targets:
1. $27
2. $29
3. $32
PLTR has been seeing some strong declines over the past month making lower lows and lower highs and formed a classic falling wedge which is a bullish pattern. There is a divergence in RSI (was below 30 for the past few days) and RSI is currently around 45 again divergence in RSI is also a potential bullish signal.
PLTR broke out of wedge in the opposite direction today which is a sign of a reversal. Volume is relatively low. Need a good volume confirmation before opening a long position.
Good luck and trade smart! (not a financial advice)
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