palantir the paladin?
$Palantir Technologies Inc.(PLTR)$ has high volatility as observed from pnf chart. tech stocks require lots of liquidity as it burns cash quickly. according to the pnf, it is now at resistance zone, if it is able to overcome this resistance zone because of pivot guys, then it will likely reach Fibonacci 1.618 level 24.7. if it is unable to break resistance, then it will fall back to 17.
this year is the year where the fed will cut rates as inflation is about to fall below 2%. hence the enthusiasm in the stock market to position for a bull market.
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
merci beaucoup@Asphen for sharing insights
merci beaucoup@koolgal for interesting posts
merci beaucoup@TigerStars for vouchers
merci beaucoup@TigerWire for hot topics
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- Asphen·02-08TOPit usually falls back after a few days of run. the candles are too vertical for my liking. what goes straight up is usually not sustainable.1Report
- koolgal·02-08TOPThanks for sharing your awesome insights 😍😍😍1Report
- LMSunshine·02-10TOP🧧🧧Wishing you a Blessed and Prosperous Year of the 🐉LikeReport
- LMSunshine·02-10TOPThanks for the update buddy❣️ What’s the resistance level❓LikeReport