@Blinkfans：I closed $Palantir Technologies Inc.(PLTR)$ ,Sold pltr shares at 30.04 I quickly took some profit as it has retraced to the last resistance of near $30 . Will buy back once it’s lower The recent price action in Palantir (PLTR) has been intriguing. After reaching a key resistance level near $30, the stock has retraced, prompting me to take some profit at $30.04. The resistance at $30 has now potentially flipped into a support level. This development marks a significant shift in the stock’s price dynamics. If the $30 level holds, it could signal the formation of a stronger uptrend. Support levels, once established, tend to attract buyers, and the more times this support is tested without breaking, the stronger it becomes. This could pave the way for further gains, with $30 serving as a solid foundation for future price increases. However, it’s essential to remain cautious. If the stock breaks below $30, it could indicate a reversal back into a downtrend, undoing the recent bullish momentum. In this scenario, further downside pressure could emerge, possibly leading to lower prices. The $30 level, therefore, is a critical juncture for the stock. While I have taken some profit to lock in gains, I still hold a portion of my shares. This approach allows me to participate in any potential upside should the stock continue to rise. By keeping a close eye on how the stock behaves around the $30 level, I can adjust my strategy accordingly. Whether it breaks below or holds firm, the coming days will be pivotal for determining PLTR's next move. Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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