Panjang
PLTR Abandoned Baby Setup
A classic textbook example of Abandoned Baby setup could be seen in PLTR.
Technical Analysis:
- Price is currently on a support area
- A candle has pierced through the lower bollinger band with a bullish confirmation candle on the following day
- Stochastic entered the oversold zone have started to reverse
- Strong sign of momentum via relative strength
Generally the Technology sector and Software industry are on a strong uptrend. I do believe the market psychology will bring a positive effect on this stock too.
I personally like this Abandoned Baby setup a lot due to the significant buying volume on both the "baby" candle and the confirmation candle.
However, do take note that the price action had failed to form a higher high & higher low.
Also the stock market is currently on a retracement, which might affect the setup.
Technical Analysis:
- Price is currently on a support area
- A candle has pierced through the lower bollinger band with a bullish confirmation candle on the following day
- Stochastic entered the oversold zone have started to reverse
- Strong sign of momentum via relative strength
Generally the Technology sector and Software industry are on a strong uptrend. I do believe the market psychology will bring a positive effect on this stock too.
I personally like this Abandoned Baby setup a lot due to the significant buying volume on both the "baby" candle and the confirmation candle.
However, do take note that the price action had failed to form a higher high & higher low.
Also the stock market is currently on a retracement, which might affect the setup.
Dagangan ditutup: hentian tercapai
Stop loss hit and structure broken. Will be looking for other setup
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.