Panjang
PLTR - Double bottom? Good setup & price for LT hodlers/LEAPS
Dear Tradingview Community
This areas already functioned as a support last week, when it bounced around the 18 mark.
The double bottom is the sign of a reversal but, this doesn't mean it's 100% sure it's gonna happen.
The current micro-economics (inflation and FED fear) don't look good for a lot of growth-stocks and a further slide down is still possible (but let's hope not).
I'm not gonna set a PT because i'm in it for the LT, but on the chart you can see some supports and resistances.
Have a good trading week!
Disclosure: I opened a LEAP position for the 19th of 2024, so that i can practice my PMCC
This areas already functioned as a support last week, when it bounced around the 18 mark.
The double bottom is the sign of a reversal but, this doesn't mean it's 100% sure it's gonna happen.
The current micro-economics (inflation and FED fear) don't look good for a lot of growth-stocks and a further slide down is still possible (but let's hope not).
I'm not gonna set a PT because i'm in it for the LT, but on the chart you can see some supports and resistances.
Have a good trading week!
Disclosure: I opened a LEAP position for the 19th of 2024, so that i can practice my PMCC
Nota
Today it will be clear if there is a trend reversal or if the downtrend will continue.I believe this will depend on the outcome of the FED meeting.
I think the worst outcome is already priced in, so if they react less harsh than expected I think most growth stocks will have a little boost.
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.