Nov. 22 at 1:39 AM
$PLTR is currently trading at
$154.85, significantly below its 30-day moving average (MA30) of
$181.25 and 50-day moving average (MA50) of
$180.34, indicating a bearish trend. The RSI at 21.92 suggests that the stock is oversold, which may lead to a potential reversal or bounce in the short term. However, the recent 60-day high of
$207.52 and low of
$147.56 shows a wide trading range, indicating volatility.
Directional bias is bearish, but the oversold RSI could present a short-term buying opportunity. Suggested entry is around
$155.50, with a stop loss at
$147.00 to manage risk. Target 1 is set at
$165.00, aligning with minor resistance, and Target 2 at
$175.00, approaching the MA30.
Monitor market conditions closely, as the bearish trend remains dominant despite potential short-term gains.
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