Although it is coming off a disappointing earnings report, based on technical analysis, Palantir is poised to return to about the $23 level, representing an 8.91% increase from current prices (more if you use call options). Here's the reasoning behind my idea:
1. First off, we look at history. As depicted by the drawings, Palantir is at a very crucial and strong...
A recession is near and here’s why. During trading on Friday, when it hit the ~4450 level, it met stiff resistance and pulled back to end right above session lows. Just by looking at VRVP and regular volume, it is clear that there was a ton of selling pressure and by looking at the RSI, which is in overbought territory. This as well as the macroeconomic...
United looks poised for a breakout. It continues to use the more recent support level at about $40.54 to rebound and head upwards. It has been moving mostly laterally but also has been making progress upwards. Based on it RSI (64.67) and its D+ line crossing over the D- line and the ADX beginning to slope upwards to show that the trend is gaining momentum, the...
