Ok, I had to update the trend line, because PLTR lost the first one, but it didnโt do any impressive breakout, but it looks like we have a head and shoulders. The pattern wasnโt triggered yet, so, thereโs still hope for us!
The stock is inside an ascending triangle, and at some point, itโll do a breakout, either from the red line or from the black line.
I would like to buy PLTR if we do a downwards breakout, maybe to the 22 again. Now, the pattern squeezed the price so much, that I believe we can use todayโs first candle as our guide.
If PLTR loses the 23.94, it might finally drop. If it breaks the 25.23, then itโll just keep climbing. Weโll have our answer soon, maybe tomorrow!
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
The stock is inside an ascending triangle, and at some point, itโll do a breakout, either from the red line or from the black line.
I would like to buy PLTR if we do a downwards breakout, maybe to the 22 again. Now, the pattern squeezed the price so much, that I believe we can use todayโs first candle as our guide.
If PLTR loses the 23.94, it might finally drop. If it breaks the 25.23, then itโll just keep climbing. Weโll have our answer soon, maybe tomorrow!
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
