I opened $Palantir Technologies Inc.(PLTR)$  ,$Palantir Technologies Inc.(PLTR)$  

Why I Bought Palantir (PLTR) at $78

I decided to buy Palantir (PLTR) at $78 after observing its price action and technical signals. Here’s my reasoning:

Higher Highs and Higher Lows 📈

Palantir recently hit $82, marking a higher high in its trend, followed by a retreat to $77.41. This movement established a higher low, a classic indicator of an uptrend. These patterns suggest that the stock has regained bullish momentum, making it an opportune time for me to re-enter.

Resistance Turns to Support

The price previously struggled to break above $77, which acted as a resistance level. After the stock surpassed this level and then pulled back, $77 now appears to have flipped into support. This change in role is a strong technical signal, providing me with confidence to buy at $78, slightly above this new support zone.

Risk and Reward Balance

By entering at $78, I positioned myself close to the support level at $77, limiting my downside risk. If the stock holds above this level, there’s potential for it to retest the $82 high or even move higher. This alignment of risk and reward makes the trade more favorable for me.

Following the Trend 🚀

Palantir’s recent price behavior aligns with an ongoing bullish trend, reinforced by its ability to make higher highs and higher lows. Buying at $78 allowed me to join this trend while staying cautious of any potential pullbacks.

This decision reflects my approach of combining technical analysis with prudent risk management, ensuring I stay on the right side of the market’s momentum.

Disclaimer: This is my personal trade analysis and not financial advice. do like and comment too 

@TigerTradingNotes 

@CaptainTiger 

@MillionaireTiger 

@TigerTradingNotes 

@TigerStars 

@Daily_Discussion 

PLTR
12-23 23:26
USPalantir Technologies Inc.
方向价格已实现盈亏
买入
开仓
78.00+5.49%
持有中
Palantir Technologies Inc.
# 掘金交易单:你关注了哪些厉害的“宝藏投资者”?

免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。

举报

评论

  • 推荐
  • 最新
empty
暂无评论