Long
PLTR , PT 41
Another stock that is stuck in a symmetric wedge or if I say pennant pattern also. For long play, once it breaks above the wedge, it can move to ~ 41. To protect losses for long play, the red solid line should be treated as a stop loss.
Also, it's holding 20MA (green line) which is giving it a bullish sentiment.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
Also, it's holding 20MA (green line) which is giving it a bullish sentiment.
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
Note
Chart pattern still respecting the triangle.Trade closed: stop reached
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Disclaimer
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.