Hello traders and investors! Let’s see how PLTR is doing today!
It is impressive, but today’s drop was just a pullback to the previous support at $ 23.69 (we hit $ 23.67), and it is reacting again. The movement was extremely technical, and it looks like a sideways correction, rather than a real sell-off.$Palantir Technologies Inc.(PLTR)$
When we look at the daily chart , we see that PLTR simple can’t drop, but since it wen’t up a lot after earnings , it can’t keep flying. A sideways correction is the best scenario for PLTR , and it is getting closer to the 21 ema now.
Since we are near the 21 ema in the daily chart , and we just retested the support at $ 23.69 in the 1h chart, I see a good buy opportunity on PLTR .
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