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PLTR: I told you to BUY the DIP! for NYSE:PLTR by Nathan_Black

Hello traders and investors! Let’s see how PLTR is doing today!

Since our last analysis, PLTR did confirm our Double Bottom pattern above the $ 26.07, and it resumed the bull trend nicely. Now it is doing a pullback to the 21 ema in the 1h chart, as usual, and the situation seems to be under control.

Yes, PLTR is dropping today, but since the volume is so low, I’m not convinced that it’ll keep dropping. Either way, we must keep our eyes on the $ 27.91, as this is a possible bearish pivot point , which could make PLTR drop a little bit more, if triggered.

In the daily chart , we see that PLTR is just trending nicely, and if it triggers the bearish sign in the 1h chart, a pullback to the 21 ema would be expected again. So far, we have not a single bearish sign, not even a possible pullback sign, so we’ll just assume that it is seeking the gap at $ 31.34.

The gap is our next target, however, for the long-term, we expect that PLTR will retest the $ 45 again, and we have technical reasons for that.

The moment PLTR broke the $ 27.47, it triggered a pivot point in the weekly chart, and this long-term reversal sign is something impressive. It is above the 21 ema again, and the volume increased nicely during and after the breakout of the pivot point .

All of this tells me that PLTR will fly again, but first, let’s focus on the key points mentioned in this analysis.

Remember to follow me to keep in touch with my daily updates, and if you liked this analysis, please, support it before you leave!

Have a good weekend!

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