$PLTR TOP 20
Added 2024-08-25 18:53:48 +0000 UTCA noticeable change in trend to end the week here with $PLTR
Price tested the top channel twice, with two clean rejections, followed by a negative day on Friday, in spite of the market jumping +1%.
I believe a retest of the blue line at the very least is possible here, the 0.38 Fib is lower at $28.53 and we can see that the 50 Day MA is moving up to this level
A breakout above the yellow trend line is not something I want to see, as this bounce from $21 has been very aggressive and parabolic with no pull backs, so any higher move now before a pull back could destabilise the structure.
We saw a pull back in Feb, very similar to what we are seeing now, so a retest of $29 or lower would be ideal here to allow this to go higher.
