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PLTR: Broke out of year and half long trend

Zooming out is the best way to get an idea of general a stocks direction. On the day of the 700+ million dollar contract with the US army, volume spiked, which gave momentum to push past a year and a half long resistance. Given this, it looks as though we MAY see a trend reversal (idk I'm not a pro - I've only been analyzing stock patterns for 3 years on and off for fun). The earnings this coming quarter may be another catalyst for more upward movement.
We're looking at break out from a very large falling wedge. We also have one confirmed retest on top of resistance.
Mid-long term price target according to the distance between support and resistance is 25-30
*Not trading advice. Just sharing what I see.
We're looking at break out from a very large falling wedge. We also have one confirmed retest on top of resistance.
Mid-long term price target according to the distance between support and resistance is 25-30
*Not trading advice. Just sharing what I see.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.