$PLTR TOP 20
Added 2024-02-01 15:45:43 +0000 UTC$PLTR the price action is getting VERY close to the 200 Day MA at the 0.38 Fib.
This is how you read a chart:
The price action will try and find support at the: 0.38 Fib at $15.71 (and 200 Day MA = Confluence level)
Failure to hold here and the price seeks to find support on the 0.5 Fib at $13.84 or 0.618 $11.96
This is what all technical analysts watch for and Algo trading systems.
If support is not found, then the impulse wave breaks down, this may be due to poor earnings or guidance.....no surprises from the earnings report and the price will move as expected.
Earnings on Monday after the close.
Comments
If it doesn't dip into the $15.70 range prior to earnings, are you still a buyer (low 16's, say)?
Jeff O
2024-02-01 16:12:18 +0000 UTCAre we expecting good earning on PLTR?
Stephanie
2024-02-01 15:53:47 +0000 UTCThats my plan
Brian
2024-02-01 15:51:31 +0000 UTCHi Capt, so should we wait or start buying @ 15.71? Then avg down?
KG
2024-02-01 15:50:29 +0000 UTC
