PLTR suffered a false breakout above

12 בספט׳ 2024

PLTR had a false breakout before moving back into congestion zone and breaking below its internal upward trend

• False breakout leading to pullback into trading zone
  
• broke through internal upward trend
  
• low volume during this time indicates congestion.
  
• Potentially looking at a pullback in time before more rallying continues
  

PLTR is certainly a great stock and recently getting into S&P 500 just adds to it.

12 בספט׳ 2024

הערה

Also noticed that RSI has been on a slow decline and broke under SMA level during the last couple days. Going under the SMA occurred during the false breakout. This gives a pretty clear warning sign of weakness in further rallies.