Target prices and recommended stop plotted on the chart.
$PLTR had a flash crash to $20.18 and recovered back to $23 which also is Fib 0.618 retracement level. 23$ is a possible support zone to hold if you want to take an early trade with a tight stop aiming to take profit at $35. Since we can clearly confirm that the strong up trend is currently broken and momentum still declines, I am on the bearish side. $16-$17...
$QS formed a huge Falling Wedge and recently tested the Fibo 0.786 level. EMA20 just crossed SMA50 down on 4h chart which confirms bulls have been weak for a while. RSI 14 also declines. Now I have two scenarios for breaking out of the wedge. Either retry Fib 0.786 level or start a new trend now. No matter where it does break, $QS has a potential of minimum $70+...
Falling wedge breakout followed by the restest. Price action above 297 sats supported with increasing volume has promising targets. Possible targets and recommended stop loss level highlighted on the chart.
Falling wedge breakout with a nice bull flag. Expecting $0.17 and $0.19 ish targets. Blue line is the previously broken weekly trend. Closing 4h candle below this line should be considered as stop loss signal. Jumping in after breaking and testing the $0.155 resistance zone may be safer tho. Looking for nice volume bars to confirm.
Inverse HS pattern targets 51k+ Safe trade strategy: Wait for the neckline breakout Buy on re-test Stop below neckline