เพิ่มขึ้น

$PLTR Pulling Back to Pivot / Breakout Area

ที่อัปเดต:

NYSE:PLTR Here is a strong one for your watch list. This is perfectly normal action (so far) for a stock to pull back to its breakout area. It is pulling back on declining volume. All this is textbook action.

I will be looking for the resumption of uptrend before I get involved. That could take a day, a week, or more. Patience will be key. I will update this idea if / when it looks to me to get involved. All TBD.

For those interested, the chart set-up I am using is the LevelUp All-in-One Charting Tool here on TV.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

บันทึก

NYSE:PLTR Continues to consolidate here. Some jumped the gun this morning but those may be institutional buyers looking to hold long term. Even on this 5 min chart selling is at lower volumes than buying. I'd like to see this pullback a little more and settle down for a few day. Lets see what what happens.

การซื้อขายยังคงดำเนินอยู่

I have opened a 1/2 size position on the 6/20 MACD cross. Stop is tight just below the last 5 min bar. Lets see what happens.

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

That did not work. I am out for a very small loss. It either went or I was out. Choppy day.

บันทึก

NYSE:PLTR Has continued to pullback, which I like. I have made a notation on the chart below of the AVWAP from earnings. So far it is hanging right on it. This "could" be an area of support. We will not know that until and unless it moves up from this area. This one is high on my watchlist but I will not buy while it is still moving down.

บันทึก

Note, on the chart above, volume is still declining as price moves down. This should be a good sign as people are not rushing for the door. If we get a reversal candle from here next week, risk reward will be well defined.

บันทึก

NYSE:PLTR spent most of the day below the AVWAP from earnings. There is a wide area beginning just below today's range that could be an additional area of support. Bottom line, until it moves up and over the downtrend line in blue, this is a downtrend.

การซื้อขายยังคงดำเนินอยู่

I just took a small position with my stop just below today's low. It triggered my entry by crossing the downtrend line. Lets see what happens.

บันทึก

NYSE:PLTR I am loving this entry (so far).

ปิดการเทรด ด้วยตนเอง

I do not like this mornings action, I have closed it and it is back on my watchlist. Small loss.

jaxdog

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.

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