$PLTR bull breakout, move to $231 incoming...
By:TradingView
This is a weekly of PLTR, a revolutionary, futuristic company reminiscent of SkyNet from the old-school Terminator movies. But I digress... Note how price has been in a large bull pennant (green converging lines bounding price); price has stayed around value at the 50EMA (purple line); it has recently visited the discount zone (below 50% retracement) from the Fibonacci retracement drawn from recent major swing low to swing high (the green rectangle); recent recent political events suggest a growing role for Skynet I mean PLTR going forward; I anticipate a bullish breakout (big green arrow) of the large bull pennant and a continuation to the R1 Level (at 235.71) and have a TP set $2 beneath it at $233 (green horizontal line). Stop loss is beneath recent minor swing low at $121 (red horizontal line). To me this is a logical, high probability swing opportunity.
-MrJosephTrades
-MrJosephTrades
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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