PLTR: Bearish Signals Strengthen as Key Support Breaks
🔥 LucanInvestor's Strategy:
🩸 Short: Below $68.31, targeting $64 and $58. Bearish MACD crossover and the break below the 9-day EMA strengthen the downside case.
🩸 Long: Above $70.30, aiming for $72 and $77.76. Reclaiming the 9-day EMA would signal a potential recovery, but strong volume is required for confirmation.
🔥 LucanInvestor's Commands:
🩸 Resistance: $70.30 — A critical level where bulls must regain control for any upward momentum.
🩸 Support: $68.31 — The immediate support; its breakdown opens the path to further declines.
Palantir Technologies (PLTR) is under bearish pressure, with the MACD histogram in negative territory and price action well below the 9-day EMA. The 200-day EMA at $44.40 remains far below, signaling long-term support. Sellers dominate the market, and short positions may thrive if $68.31 fails to hold.
👑 "Dominance is earned when you act decisively at critical junctures." — LucanInvestor
🩸 Short: Below $68.31, targeting $64 and $58. Bearish MACD crossover and the break below the 9-day EMA strengthen the downside case.
🩸 Long: Above $70.30, aiming for $72 and $77.76. Reclaiming the 9-day EMA would signal a potential recovery, but strong volume is required for confirmation.
🔥 LucanInvestor's Commands:
🩸 Resistance: $70.30 — A critical level where bulls must regain control for any upward momentum.
🩸 Support: $68.31 — The immediate support; its breakdown opens the path to further declines.
Palantir Technologies (PLTR) is under bearish pressure, with the MACD histogram in negative territory and price action well below the 9-day EMA. The 200-day EMA at $44.40 remains far below, signaling long-term support. Sellers dominate the market, and short positions may thrive if $68.31 fails to hold.
👑 "Dominance is earned when you act decisively at critical junctures." — LucanInvestor
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