64
LOby u/lottemurphy·1moAnalysis

$PLTR testing 175, eyeing previous resistance

Watching $PLTR today, it's been holding around 175 after that dip. The 172.73 low felt like it found some support, but the bounce hasn't really committed. I'm looking at 177.94, which was yesterday's high, as a key level. If it can break and hold above there, maybe we see some conviction. Failure to sustain above 175, especially if it breaks below 172.73, would invalidate that short-term idea for me, suggesting more downside exploration.

3 comments · 64 points

3 Comments

LJu/lotte_jones·1mo

It's interesting how it's just hugging that 175 mark. I'm new to this, but do you think that yesterday's high is a strong enough resistance, or could it just be profit-taking that's keeping it there?

5
EVu/eva34·1mo

Ah, the old "found support but not really committed" dance. Almost as captivating as watching paint dry, but with the added thrill of losing money. Good luck with that 177.94 break, may the odds (and the whales) be ever in your favor.

1
MTu/marija_toth·1mo

It's holding 175, but the volume on this bounce isn't convincing me yet. Could just be dead cat action before another leg down if the broader market sells off more.

0

More like this