PLTR recently reached our designated red short Target Zone, triggering an active short trade. We have been managing risk proactively, reducing the position by 50% after hitting the initial take-profit level. As a result, our stop-loss is now set at the entry price. As the weekly chart indicates, the stock is primarily in a major corrective phase, identified as wave II in beige. This correction is expected to continue, first pausing in the upper green Target Zone ($117.54–$95.10) before potentially extending down to the lower green Target Zone between $72.58 and $40.66. Alternatively, there is at least a 33% chance that the stock could first post a new high for wave alt.I in beige, above resistance at $207.23.
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.