Long
PLTR Gamble - Long
Updated
verall Market looking very strong right now, but this stock is pulling back and even slight under the 30 minute trend line.
Weekly and Daily are still showing uptrend. If this level can hold above recently broke resistance (purple rectangle), this could be a very low risk entry if we bounce.
Price action has broken on the 30min Trendline, however, RSI has not broken trendline yet. Hoping for a bounce back above trendline for low risk entry. I also see a hidden bullish divergence on the 30min chart for added confidence.
Yellow Lines on the right are 1st, 2nd, and 3rd Price targets:
T1: $26.00
T2: $27.46
T3: $29.50
Entry: 24.24
SL: $24.06
Final RR: 27.72
Weekly and Daily are still showing uptrend. If this level can hold above recently broke resistance (purple rectangle), this could be a very low risk entry if we bounce.
Price action has broken on the 30min Trendline, however, RSI has not broken trendline yet. Hoping for a bounce back above trendline for low risk entry. I also see a hidden bullish divergence on the 30min chart for added confidence.
Yellow Lines on the right are 1st, 2nd, and 3rd Price targets:
T1: $26.00
T2: $27.46
T3: $29.50
Entry: 24.24
SL: $24.06
Final RR: 27.72
Trade closed manually
Target 1 reachedStopped out of all positions
Trade closed: stop reached
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