PLTR for July 15Current Price Levels:
Current Price: Around $28.49 (ask price)
Bid Price: $28.48
High: $28.77
Low: $26.90
Support and Resistance Levels:
Resistance: $28.77 (recent high)
Support:
$28.07 (first level of support)
$27.81 (another support level)
$26.90 (recent low and a strong support level)
Volume Profile:
VAH (Value Area High): Around $28.49
VAL (Value Area Low): Around $28.07
POC (Point of Control): $28.07
Trend Lines:
Shows an upward trend with higher highs and higher lows, indicating a bullish trend.
Indicators:
MACD: The MACD line is above the signal line, suggesting bullish momentum. However, there's a slight convergence, indicating a potential slowdown or reversal.
Volume: There's a noticeable increase in volume during the upward movement, indicating strong buying interest.
Price Action Analysis:
Bullish Trend: PLTR is in an upward trend, making higher highs and higher lows.
Price Consolidation: The price is currently consolidating around $28.49, indicating potential accumulation before the next move.
Suggested Trading Strategies:
Scalping:
Entry: Consider entering around $28.07 (POC and support level).
Exit: Target $28.49 (current consolidation area) or $28.77 (recent high).
Stop Loss: Place a stop loss below $27.81 to manage risk.
Intraday Trading:
Entry: Enter around $28.07 (POC and support level) or on a pullback to $27.81.
Exit: Target $28.77 (resistance level) or $29.00 if momentum continues.
Stop Loss: Place a stop loss below $27.81.
Swing Trading:
Entry: Consider entering around $28.07 (POC and support level) or on a pullback to $27.81.
Exit: Target $29.00 and beyond, potentially $30.00 if the bullish trend continues.
Stop Loss: Place a stop loss below $26.90 to manage risk.
Summary:
Support Levels: $28.07, $27.81, and $26.90
Resistance Levels: $28.49, $28.77, and potentially $29.00
Scalping Entry/Exit: Enter around $28.07, exit around $28.49 or $28.77
Intraday Entry/Exit: Enter around $28.07 or $27.81, exit around $28.77 or $29.00
Swing Trading Entry/Exit: Enter around $28.07 or $27.81, exit around $29.00 or higher
Use these levels as guides, and always consider current market conditions
