$PLTR TOP 20
Added 2024-08-09 11:58:28 +0000 UTC$PLTR is back at the $29.30 level again, after an astonishing week.
Great to see $PLTR and $SHOP perform so well this week after great earnings, two big holdings for us and $AMZN showing a recovery and bouncing from our $160 Buy.
We know that the $29.30 is an important level to flip to support, it has been a resistance level since 2021.
I would like to see a pull back to the 50 Day MA at $25.34 on the 0.5 Fib, so we can add again before breaking above the $29.30
That being said, in spite of its strong move from $21 to $29 this week, the RSI is only at 56 right now, meaning it has a lot more room to move higher if it decides to break above the $29.30 level.
Big shout out to the Buy Zone here, the buy zone is between the 0.5 Fib and 0.618 Fib at $20.17 - $20 - $21.58, every time the price has entered this level, the price action has jumped 35-45%.
Comments
Both SHOP and PLTR have island reversals.. on daily
DiegoTheSabre17
2024-08-09 13:35:57 +0000 UTCPLTR has always been a very well known one to me, since late 2020. So when the Buy signal was given here I’ve been very comfortable and confident with this new position. If it pulls back to a buy area, I will add one more time: no problem in increasing this one. 💪🏻👍🏻❤️
Federico Salerno
2024-08-09 12:11:15 +0000 UTC
