The situation is quite simple on PLTR today! We are dropping, just as we expected, because it lost the 27.01 that we talked about yesterday, and now PLTR is looking for support areas to hold itself.
No, it wonât drop forever, and itâll recover at some point, the question is, which point?
We have a pivot at 26.45, if triggered, I donât think the 26.26 will hold it, and weâll drop more â but not much more.
We are still a little overbought in the 4h chart, and if PLTR drops to its red line again, itâll be great.
The situation is more serious in the daily chart, tho. We have a bearish engulfing that could make PLTR drop to the 25s again. The RSI is overbought here too. We must be careful.
We must watch the pivot in the 30min, as itâll tell us if PLTR will turn bearish for now, or not. If it turns bearish, weâll look at the 25 â 26 area, as it might be a chance to buy! PLTR is moving according to our plans, for now!
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See you soon,
Melissa.
No, it wonât drop forever, and itâll recover at some point, the question is, which point?
We have a pivot at 26.45, if triggered, I donât think the 26.26 will hold it, and weâll drop more â but not much more.
We are still a little overbought in the 4h chart, and if PLTR drops to its red line again, itâll be great.
The situation is more serious in the daily chart, tho. We have a bearish engulfing that could make PLTR drop to the 25s again. The RSI is overbought here too. We must be careful.
We must watch the pivot in the 30min, as itâll tell us if PLTR will turn bearish for now, or not. If it turns bearish, weâll look at the 25 â 26 area, as it might be a chance to buy! PLTR is moving according to our plans, for now!
If you liked this trading idea, remember to click on the âFollowâ button to get more trading ideas like this, and if you agree with me, click on the âAgreeâ button đ.
See you soon,
Melissa.