$PLTR's pre market activity will be interesting tomorrow, I am expecting it to be positive.....it should follow Lockheed Martin being green.
The actions taken by Iran over the weekend is certainly a level change in terms of conflicts in the middle east, military spending will likely rise this year from Israel and $PLTR should benefit from this and possibly other US allies.
The price also stayed within the buy zone all week and managed to stay under the 50 MA on the 1hr chart, which has been a resistance level since the 28th of March.
The 0.38 Fib at $22.93 would need to be flipped to support in order to show signs of a reversal.
A positive reversal sign like this and I will consider adding this week as planned.
Lyndon Richards
2024-04-14 21:33:14 +0000 UTCAyrton Graham
2024-04-14 21:25:37 +0000 UTC