PLTR Technical Analysis October 9, 2024
Price Action:
Current Price: $41.65, with a high at $42.12.
Trend: PLTR is in a strong bullish trend, having recently broken above the key resistance at $40.29. It has been making higher highs and higher lows.
Key Levels:
Support:
Immediate support at $40.29 (previous resistance turned support).
Lower support at $38.89 where the price consolidated before the recent breakout.
Resistance:
Immediate resistance at $42.12, which is the recent high.
Further resistance can be expected near $43, a psychological level and potential next target for bulls.
Indicators:
MACD: Showing bullish momentum, with the MACD line moving above the signal line, confirming the upward trend.
Trading Plan:
For Bulls: A continuation above $42.12 could target the $43 level or higher. Consider entries on pullbacks near the $40.29 support, with stops below $40.
For Bears: A rejection from $42.12 or a break below $40.29 could lead to a retracement towards the $38.89 support zone.
Outlook for Tomorrow:
Bullish Bias: PLTR's bullish momentum could continue as long as it holds above the $40.29 support level. A break above $42.12 would confirm further upside potential.
Disclaimer:
This analysis is based on technical data and is not financial advice. Please conduct your own research and consider risk management when trading.
Current Price: $41.65, with a high at $42.12.
Trend: PLTR is in a strong bullish trend, having recently broken above the key resistance at $40.29. It has been making higher highs and higher lows.
Key Levels:
Support:
Immediate support at $40.29 (previous resistance turned support).
Lower support at $38.89 where the price consolidated before the recent breakout.
Resistance:
Immediate resistance at $42.12, which is the recent high.
Further resistance can be expected near $43, a psychological level and potential next target for bulls.
Indicators:
MACD: Showing bullish momentum, with the MACD line moving above the signal line, confirming the upward trend.
Trading Plan:
For Bulls: A continuation above $42.12 could target the $43 level or higher. Consider entries on pullbacks near the $40.29 support, with stops below $40.
For Bears: A rejection from $42.12 or a break below $40.29 could lead to a retracement towards the $38.89 support zone.
Outlook for Tomorrow:
Bullish Bias: PLTR's bullish momentum could continue as long as it holds above the $40.29 support level. A break above $42.12 would confirm further upside potential.
Disclaimer:
This analysis is based on technical data and is not financial advice. Please conduct your own research and consider risk management when trading.
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.
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.