לונג
My Prediction For Palantir Stock
According to chart, the price now is being traded inside a symmetrical triangle.
In this triangle, the lower trend had been showing stronger impact than the upper trend pushing the the price massively upward (twice). Add to that, the stock is forming a round bottom (inside the triangle) which in so many cases it is followed by a breakout.
According to this observation, and if the breakout happen, I think the stock will target the previous high at $33. And if it could exceed it it will continue the run until 1.618 fibo at $46.
This is not a financial advice. It is only a trading idea. Before you follow this analysis make your own research and have a good day to you all 🙏.
In this triangle, the lower trend had been showing stronger impact than the upper trend pushing the the price massively upward (twice). Add to that, the stock is forming a round bottom (inside the triangle) which in so many cases it is followed by a breakout.
According to this observation, and if the breakout happen, I think the stock will target the previous high at $33. And if it could exceed it it will continue the run until 1.618 fibo at $46.
This is not a financial advice. It is only a trading idea. Before you follow this analysis make your own research and have a good day to you all 🙏.
כתב ויתור
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