Looks to me to be a lovely morning star on great volume here on PLTR. Lets keep an eye on things as well close to add to longs on this pull back
www.investopedia.com...ms/m/morningstar.asp
We could see a nice green candle tomorrow if we miss the chance to buy before close today.
Great for a swing trade, if you want to hold something a few days or weeks or longer. Stop loss at the low of today.
www.investopedia.com...ms/m/morningstar.asp
We could see a nice green candle tomorrow if we miss the chance to buy before close today.
Great for a swing trade, if you want to hold something a few days or weeks or longer. Stop loss at the low of today.
Comment:
Boom big gap up today! Hope you bought yesterday before the close! As this is a morning star we may not get a gap close, we can day trade this to 31.7 or hold for the long term
Trade active:
I've taken one set of profits here with the failed break of the inverse head and shoulders. I still have 50% of my long though with the beautiful morning star pattern on the daily which is a much stronger piece of TA than worrying about short term failures of chart patterns.
Comment:
Comment:
Trade closed: stop reached:
I have to say I was amazed at how badly pltr performed taking out this morning star/ abandoned baby patten like a knife through butter. Thats trading for you though even the very best signals don't always work out, so stay within money management parameters and don't over leverage. Not a stock I would want to be associated with at the moment. Thats across the board though flash crash may be coming.
About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.
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