Long
PLTR: Good QR! More upside in upcoming weeks
Updated
Technically, PLTR is in an uptrend now with registered higher high and higher low.
The good quarterly report today pushed price up to an intermediate resistance. Might see a pullback to close the gap, but that could mean better entry for us.
Target profit 1 set at $27 i.e. next resistance.
Will observe price action again to see if target profit 2 ($31 area) is a good target.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
The good quarterly report today pushed price up to an intermediate resistance. Might see a pullback to close the gap, but that could mean better entry for us.
Target profit 1 set at $27 i.e. next resistance.
Will observe price action again to see if target profit 2 ($31 area) is a good target.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Note
The gap up today also broke what was supposed to be a down cycle. This usually signify strong momentum.Unless strong selling pressure comes back in before the today's close, this long bias is still valid.
Trade closed manually
Disclaimer
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