There are two scenarios as the trend lines show.
White lines suggest the bearish path. The yellow trendlines suggest the continuity of price moving upwards and forwards. In my opinion, the retail investors have already reacted to the news of CW selling PLTR stocks and as such we have reached the bottom already. Sellers have hence exhausted their potential. Bulls should take control and move the price up (just look at the yellow trendlines).
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White lines suggest the bearish path. The yellow trendlines suggest the continuity of price moving upwards and forwards. In my opinion, the retail investors have already reacted to the news of CW selling PLTR stocks and as such we have reached the bottom already. Sellers have hence exhausted their potential. Bulls should take control and move the price up (just look at the yellow trendlines).
If you find my analysis useful and helpful, please do consider subscribing and liking my work. This helps me stay motivated.
For any questions or comments, do let me know!
-- For educational purposes only. Do your own research before making investment decisions.
Comment:
Price respecting trendlines as predicted. Slow and steady upward movement for now.