Aug. 14 at 4:38 PM
$PLTR $IGV
PLTR has significantly improved its technical profile following the breakout /above its 61.8% retracement level and the subsequent successful retest of that breakout area. Weekly momentum is constructive, with RSI firmly above 50 and the faster momentum measure crossing above its trend component. However, price is now approaching a layered resistance structure beginning in the
$178 -
$187 region, followed by additional resistance near
$195,
$200, and
$207-
$208 ish area. While the weight of the evidence currently favors continued trend repair, additional acceptance above these resistance zones would be required to strengthen the case for a broader bullish continuation phase.
