$PLTR #PLTR Ascending Triangle ATH break or Potential Reversal
Over these next few trading days I will keep my eyes focused on these Palintir levels as we get closer to a potential retest from Octobers supply zone where we may see a break above to attempt a new all time high.
While an all time high attempt sounds great there is also the possibility that Palintir will see a rejection from supply a zone or even a potential breakdown from the wedge support. Where we will meet multiple key retracement levels including some strong support levels.
Using the RSI indicator we can see that Palintir is overbought and could see potential selling. I will remain neutral on my decision till the breakout comes.
While an all time high attempt sounds great there is also the possibility that Palintir will see a rejection from supply a zone or even a potential breakdown from the wedge support. Where we will meet multiple key retracement levels including some strong support levels.
Using the RSI indicator we can see that Palintir is overbought and could see potential selling. I will remain neutral on my decision till the breakout comes.
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