A bull in a China shop
Everyone that knows anything about Ai knows that $Palantir(PLTR.US$ is the crème de la crème, or so to speak, cream of the crop. Now, after a long week of slow but steady declines, what's next for this golden ticket?
What are the technicals saying?
From the looks of it, analysts are recommending short-term swing traders stand clear, while bagholders might want to consider an entry point, or DCA with a STRONG BUY.
What is Fibonacci indicating?
Watch that pivot point, but expect a lot of support and resistance alike. Large block orders from short interest will fill the orderbook as they try to pull the price down. Those levels of support are key.
What are the other technical indicators suggesting? Let's have a look:
Last but not least, Moving Averages. What are the current moving averages?
I'm a Palantir bull and will continue to DCA until either the 🐄 or 🤖's come home...
GL TRADERS!!!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Operations Specialist, Shellback Sailor, Human Calculator, Long-time Investor, Stock Market Secrets
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Ginvest : Thank you again for the excellent analysis. I have an open order to buy @20.
RockaphobicOP Ginvest: You're very welcome and the best of luck to you!
BullBearHenry : Technical analysis indicators are just guides. Often times, when they are extreme, it is the opposite that will be coming soon (reversal).