PLTR signals over bought

17 Eyl

PLTR breaks above its upward trend signaling that it is over bought and poised for a possible reversal

• When stock is trending upwards steadily, seeing it break above its upward trend is a sign of price exhaustion
  
• when this occurs we usually a experience a reversal shortly after
  
• sometimes stocks going really far into overbought zones before finally turning around.
  
• We see the last 2 hours of trading, the stock started selling off when smart money was in control indicating that the stock was too expensive