We are doing great, but I have good and bad news for you.

Ok, my dear traders, we have good and bad news. Let's start with the bad one.

PLTR has what looks like an advanced breakdown, as the RSI is losing its support, while the price don't yet. Also, we are right at the 22, the most difficult price level for PLTR to break in the near future.

Now, the good news. We have a bull trend, and PLTR is going up, after it touched the 20ma, as we expected. Nothing here makes me believe it'll reverse this momentum.

snapshot

PLTR has more upside ahead, but I would not be amazed if it suddenly drops to the 20ma again. The advanced breakdown would be the first indicator of a correction of this magnetide.

But the trend is still bullish, and PLTR keeps going up. I'll keep saying, the 24 is the target.

If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.

See you soon,
Melissa.
20maMultiple Time Frame AnalysispalantirPLTRRelative Strength Index (RSI)Support and ResistanceTrend Analysis

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