Long
PLTR may have bottomed; watch reaction @14.41; next 2 Targets
PLTR may have completed its BIG ABC correction. It may still go lower to the red max pain box with ABC 1:1 level at 7.17.
However, this is unlikely since RSI & Macd show bullish divergences. Also PLTR already crossed & retested
Dma20. It also crossed the green dma50 line which may act as support.
Currently looks like it is trying to BO of the yellow consolidation box. However with overbought RSI, it may retrace to the middle of this box before proceeding to BO 14.41 & to go towards the next 2 TP levels shown in the chart.
Not trading advice.
However, this is unlikely since RSI & Macd show bullish divergences. Also PLTR already crossed & retested
Dma20. It also crossed the green dma50 line which may act as support.
Currently looks like it is trying to BO of the yellow consolidation box. However with overbought RSI, it may retrace to the middle of this box before proceeding to BO 14.41 & to go towards the next 2 TP levels shown in the chart.
Not trading advice.
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