Palantir - rising off support towards resistance or back to low?

٣٠ يوليو ٢٠٢١

This is an update of the Palantir stock chart posted on Apr 10, 2021. PLTR has made a first higher high (4H) and MACD is positive. Ichimoku is narrowing, which is a good sign that the price is reversing from its downtrend. For a more conservative viewpoint, waiting for the MA's to cross on the daily would be confirmation of a sustained up trend. Break of the lower support invalidates the bullish scenario and could mean that PLTR revisits the march 2021 lows. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.