PLTR movement today July 17 - Just make it simple

Zaktualizowano
Support and Resistance Levels:

Support: The nearest support is around $27.83. If the price falls below this level, the next support is around $26.90.
Resistance: The immediate resistance is around $28.35. If the price breaks above this level, the next target would be around $29.30.

Volume Profile:
The volume profile indicates significant trading activity around $28.00 to $28.50. This suggests a strong interest at these price levels, which could act as support/resistance.

Trend Lines:
There is a downward trend line that the price needs to break above to indicate a bullish reversal.

MACD:
The MACD histogram is showing signs of a potential bullish crossover, which could signal a buying opportunity if confirmed.

Prediction and Strategy

Bullish Scenario:
If PLTR opens and holds above $28.00 and then breaks above the immediate resistance at $28.35 with good volume, it could target the next resistance at $29.30.
Entry: Consider entering a long position if the price breaks above $28.35 with strong volume.
Exit: Target $29.30 for profit-taking, with a stop-loss just below $28.00.

Bearish Scenario:
If PLTR fails to hold above $28.00 and breaks below the support at $27.83, it could head towards the next support level at $26.90.
Entry: Consider entering a short position if the price breaks below $27.83 with strong volume.
Exit: Target $26.90 for profit-taking, with a stop-loss just above $28.00.


Conclusion
Given the current chart and assuming no significant changes in market sentiment, PLTR might test the resistance at $28.35. A successful breakout could lead to a move towards $29.30. However, if it fails to hold above $28.00, it could test the support at $27.83 and potentially move lower to $26.90.

Always consider using stop-loss orders to manage risk, and keep an eye on broader market trends and news that could impact the stock's movement.
Komentarz
We hit target. Scalping close.
Komentarz
All positions closed for today with big profit
Komentarz
Hit target. Profit take. bit win
Komentarz
Clsoed
Komentarz
intraday tartget hit. closed at 29.40
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