PLTR Triangle Pattern Breakout: Part 2 pour NYSE:PLTR par ArchersWingman

PLTR Triangle Pattern Breakout: Part 2

PLTR triangle pattern has now broken out on the bull side. Ichimoku lagging indicator (white) is on the bullish side, as well as a bullish moving average crossover (blue over the red line). The initial breakout didn't have positive indicators so no trade was placed until now. Huge thick ichimoku clouds and bull trend line to provide plenty of support as it moves along the regression channel. RSI shows no sign of a trend reversal coming up.

Playing ITM calls up to 33.5. Ichimoku cloud stops supporting around 21-22 for stop loss. Break to the price gap around 23 possible but likely temporary.

Trade fermée manuellement

Unfortunately the bears pushed back against the breakout and the price has dipped deep into the cloud.

ArchersWingman

Remember: The market can do whatever the hell it wants.
I am not a registered advisor and everything is for educational purposes only.

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PLTR Triangle Pattern Breakout

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