Possible upwards movement incoming for Palantir PLTR

When we look at the chart we can see that the price do be respecting the rising wedge that we see in the chart. If we see that the price does not close below the rising wedge we could see a good move upwards for this company.
Going to keep you updated on this stock during the rest of the week to see if we get a break or not.


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Comment:

So we are now at a good point to see what could happen. On a technical view we are close to a support zone that worked out good in the past. We will be looking here if we can get another reversal happening. Once we see that the price is struggling at that point and a reversal is coming I will add some more shares of the company to my Portfolio.

Comment:

Price is rejecting nice on the 0,382 level of the Fibb. This is good for us and I still think that this stock will go up in the future. It does is down a little now but that is a good thing because now we can buy more at a cheaper price.