$PLTR Re-emerging bullish behavior

26 พ.ค. 2021

Hello,

PLTR appears to be re-emerging as a bull on the 1D and 4HR charts. The on book volume is increasing so someone is buying an holding at this level. The price average is also pushing closer towards MACD 0 which could give rise to a bullish uptrend once again. This will probably take place across June. My best guess is that we could hit as high as 26 by end of june. Higher, if reddit jumps in. This is a long time favorite of reddit so I wouldn't be surprised if it gets a little nuts.

CMF is also showing a push of money over the last week into PLTR which makes sense alongside the OBV. The money that's being put in now though is starting to raise the price so I would argue that at least a short term--possibly long term--bottom is in. Where it goes from here, probably a slow gain towards a bigger burn.

Best of luck. As always, I only provide ideas. I am not responsible for your profit or loss. Trade carefully and at your own risk.