Short
PLTR signals reversal is close by
PLTR gaps below upward trend line showing last few days as a false breakout with price exhaustion
We should start to see more weakness in the stock going forward for a little bit.
- horizontal support forms. Once PLTR breaks below this and holds, more selling to come
- RSI pushes below SMA showing validation with the move.
- Volume increasing on the gap also giving validation to the recent move down
We should start to see more weakness in the stock going forward for a little bit.
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.