Palantir struggling? We look to Sell at 10.57 (stop at 11.75)
We look to Sell at 10.57 (stop at 11.75)
The medium term bias remains bearish . Preferred trade is to sell into rallies. We have a 50% Fibonacci pullback level of 10.65 from 14.86 to 6.44. The daily chart technicals suggests further upside before the downtrend returns.
Our profit targets will be 6.43 and 6.01
Resistance: 10.40 / 14.40 / 20.00
Support: 7.60 / 6.43 / 5.00
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