PL - Earth Imaging Satellite CompanyPlanet Labs PBC is an Earth-imaging company. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action.
This is a sympathy play to RWD which has already doubled in last couple of months.
Breakout Zone: $2.40
Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend.
Resistance Points:
$2.40
$2.60
$3.00
$3.30
Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.
Trading Strategy:
Take Profit (TP): Target $3.70
Stop Loss (SL): Set at under $1.90 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.