When will it give another chance? 👀

Yes, PLTR lost the support at the 50% retracement, and I think we are heading to the 61.8% next. In the 30min we have a divergence, but it is not a strong one. We are still pretty oversold, but this didn’t top PLTR from dropping today.

We have a possible sign of life on PLTR here, but again, I’m focusing on the fibs retracements, as we can see here:



It seems we’ll hit the 21, but the RSI is too oversold. We have a complex scenario where PLTR can just drop more to the retracement or respect the RSI and go up tomorrow. It feels like the chances are 50/50. What you think?

I prefer to wait for more confirmation now.

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See you soon,
Melissa.