Nov. 15 at 9:56 PM
$PLTR is currently trading at
$174.01, with an RSI of 42.46, indicating a neutral to slightly bearish momentum. The price is below the 30-day moving average (MA30) of 184.3 and the 50-day moving average (MA50) of 180.47, suggesting a bearish trend in the short to medium term. The recent high of 207.52 and low of 148.04 over the last 60 days indicates a significant range, providing potential volatility.
Given the current metrics, a bearish bias is suggested. A potential entry point could be around
$172.50, just below the last close, with a stop loss set at
$180 to limit risk. Target 1 could be set at
$160, aligning with a retracement level, while Target 2 could be at
$150, near the 60D low.
This trade plan capitalizes on the current bearish indicators and the established range.
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