PLTR Detailed Technical Analysis for Tomorrow (10/4/2024)
Price Action Overview:
PLTR is showing strong bullish momentum, breaking above previous resistance levels. It is currently trending higher with a clear bullish push as indicated by the volume and the steady price action above the breakout level of $37.64. The stock is moving in an uptrend, and the recent price action suggests that the bulls are in control.
Key Support Levels:
$37.64 - $37.49: The previous resistance level, now turned into short-term support. If the stock pulls back, this area could act as a solid support for a continuation upward.
$36.39: A major support level just below. If price breaks below $37.64, this is the next level where buyers might step in.
$36.06: The low point from previous sessions. If the stock retraces further, expect a test of this level.
Key Resistance Levels:
$39.45 - $39.50: This is the next resistance area to watch, which may act as a barrier for the bulls. If price reaches this level, it may face selling pressure, but a break above this could push PLTR toward higher levels.
$40.00: A psychological resistance level. This round number will be key if PLTR continues its bullish run, as it can attract more attention from traders and investors.
Entry/Exit Points:
Entry (Bullish): A clean breakout above $39.45, with strong volume, could offer a good entry point for a potential push toward the $40.00 mark or higher.
Entry (Bearish): If the stock fails to hold above $37.64 and drops below this support level, a short entry could be considered, targeting $36.39 or lower.
Exit (Bullish): For those entering around $39.45, consider taking profits near $40.00 or higher if bullish momentum sustains.
Exit (Bearish): If shorting below $37.64, take profits near the $36.39 or $36.06 levels, depending on price action.
Directional Suggestion:
Bullish Bias: The current momentum and break above key resistance levels indicate a bullish bias. A continuation upward looks likely, with targets around $39.50 - $40.00. However, look for confirmation of a breakout above $39.45 for further upside.
Bearish Scenario: A failure to hold above $37.64 could see a pullback toward $36.39 or lower, which may present a short opportunity. Watch for declining volume and weaker price action to confirm this scenario.
PLTR is showing strong bullish momentum, breaking above previous resistance levels. It is currently trending higher with a clear bullish push as indicated by the volume and the steady price action above the breakout level of $37.64. The stock is moving in an uptrend, and the recent price action suggests that the bulls are in control.
Key Support Levels:
$37.64 - $37.49: The previous resistance level, now turned into short-term support. If the stock pulls back, this area could act as a solid support for a continuation upward.
$36.39: A major support level just below. If price breaks below $37.64, this is the next level where buyers might step in.
$36.06: The low point from previous sessions. If the stock retraces further, expect a test of this level.
Key Resistance Levels:
$39.45 - $39.50: This is the next resistance area to watch, which may act as a barrier for the bulls. If price reaches this level, it may face selling pressure, but a break above this could push PLTR toward higher levels.
$40.00: A psychological resistance level. This round number will be key if PLTR continues its bullish run, as it can attract more attention from traders and investors.
Entry/Exit Points:
Entry (Bullish): A clean breakout above $39.45, with strong volume, could offer a good entry point for a potential push toward the $40.00 mark or higher.
Entry (Bearish): If the stock fails to hold above $37.64 and drops below this support level, a short entry could be considered, targeting $36.39 or lower.
Exit (Bullish): For those entering around $39.45, consider taking profits near $40.00 or higher if bullish momentum sustains.
Exit (Bearish): If shorting below $37.64, take profits near the $36.39 or $36.06 levels, depending on price action.
Directional Suggestion:
Bullish Bias: The current momentum and break above key resistance levels indicate a bullish bias. A continuation upward looks likely, with targets around $39.50 - $40.00. However, look for confirmation of a breakout above $39.45 for further upside.
Bearish Scenario: A failure to hold above $37.64 could see a pullback toward $36.39 or lower, which may present a short opportunity. Watch for declining volume and weaker price action to confirm this scenario.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.