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.
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