$PLTR has jumped from $16 to $23 now post earnings and although it is following our normal chart very well.....I must highlight this bearish chart as a balance because this bearish channel now has developed in the meantime.
The price is just testing the top level of the channel and the blue line which was a support line in 2021.
So a break out above this level at $23.20 and holding above this level and the bearish formation is not a concern.
A rejection here then we need to monitor this closely....a pull back to the bottom yellow line is a possibility.
Danielstocks#7923
2024-02-07 16:24:38 +0000 UTCmakis
2024-02-07 15:59:23 +0000 UTC