This level seems pretty important on Palantir. $PLTR – September 10, 2021PLTR
This is Scott with your Chart of the Day. I want to take a look at Palantir ( NYSE: PLTR ). Palantir ( NYSE: PLTR ) has been kind of a chop fest lately. As you can see, in the last couple of months or so it has been a lot of whippy up and down action. Whippy up and down action, whippy up and down action, and whippy up and down action.
Here’s the real important level that I believe lies on this chart. Now, if I zoom out here a little bit you can see this area here acted as resistance, and that kind of coincides with this area here. So if you want to avoid the whippy up and down action of Palantir ( NYSE: PLTR ) and kind of get out of that account volatility I think what you want to do is set an alert right under that 27.50 level.
I am going to set an alert here on my platform and basically what I am looking for is a move through and a close above 27.50 on higher than average volume. Now, if it can do that essentially it’s able to move out of 6 months of just sideways chop and that could potentially be the start of a new uptrend. That is a level that we are watching at StockMarketMentor.com. Consider setting an alert on your platform as well and we will see how it plays out.