Long

Time to get in !!!

421
I have been monitoring Palantir for quite some time. Even though I can't fully understand the business model (yes, they have 21 big customers), I wasn't too sure if it will sustain the revenue stream. But what I am certain is that the chart tells me stories

Some the first glance, you will see a reverse head and shoulder, with the price now sitting at the neck line which is almost approaching 26.65, plus or minus a few cents. The momentum looks strong at the RSI is in the buying zone, bullish divergence in MACD and the price chart is above EMA , 20, 50, 100, 200.

Actually you can also argue that you see adam and eve..

i particularly like it when the price touch the support of 0.236 as the price retracement is even stronger.

let's see how it goes. But I am very bullish in this stock for this moment
TP 1 at $ 31 and TP at $38.

Please press like or follow if you like the ideas. It's a strong motivation for me

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.