PLTR asking for the 4th time; price is in a tight squeeze
Hello my dear padawans. Let's talk about our beloved PLTR. The price headed against the $26.6 resistance today for the 4th consecutive time. It broke above in what seemed to be a breakout but volume was not on its side and the price was pushed down again. The current candle is not what you want to see if you own the stock. It shows a lot of sell pressure around/above the $26.6. On the positive side, the moving averages (the 14 ema specifically at this point) have been supporting the price and moving up. The result of these opposing forces is a very tight price squeeze between $25.5 and $26.6. The bias is still bullish (continuation of the previous trend--see my previous chart for more technicals) but nothing is guaranteed in these markets so you need to exercise patience, discipline, diligence, and suppress emotions. That's the path to becoming a jedi investor.
As a side note, keep in mind Impeachment trials started today (again) so the market is pretty flat. The technicals remain the same.
Safe trades!
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I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
As a side note, keep in mind Impeachment trials started today (again) so the market is pretty flat. The technicals remain the same.
Safe trades!
Share the love:
If you get anything out of this TA, please like chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
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If the emas don't hold the price we may revisit the support (white line) or even the bottom of the pennant:
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Another attempt to break that resistance:
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Setting up to explode:
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$PLTR giving some reward for our patience. I took some profits already.
