PLTR - The case of Tiny Gold Nuggets
PLTRDid you see that May 12-May 13th price action?
Did you catch the bottom?
News:
I'm sure Russia or the war and the need for intelligence had nothing to do with the most recent bullish price action. As a matter of fact, PLTR failed earnings again!
Charts:
EMA ( Exponential Moving Average ): Well, like most stock, the EMAs are inverted. But, the most recent price action popped above the 200 EMA.
TTM Squeeze: Hmm... Was May 12trh the bottom we've been looking for? TTM is squeezing upwards.
Fib Levels: The price is right between 1 and .786. This is not an entry indicator for a swing trader but for longterm trader it's enough for a discount purchase. It's best to mostly wait for the cross and hold above .618 fib.
Candle Stick: Piercing or bullish engulfing pattern.The opposite pattern of three black crows is three white soldiers, which indicates a reversal of a downtrend. hmm... I don't like the use of black/white. haha
RSI: Went as low as 15.98 and currently at 31. Hmmm, this is looks like a great opportunity.
Pattern: We didn't get the double bottom pattern we initial wanted but this rising wedge is very tempting.
History: See related ideas below.
STAKK
Related publications
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.