๐๐ป Pltr bullish or bearish? I am neither only range bound
**Finance Blogger Q&A: Navigating Market Volatility with Technical Analysis ๐๐ป**
sometimes the similar "movement" on price/indicator cannot be seen clearly, only after the oval (shapes) are drawn for rsi
sometimes the occurrence is more volatile (Jun ~ Jul) but can spot the similar decline in RSI (from overbought drifting to oversold)
see how it react to this upcoming dead cross
- more like a range-bound like previous action (Aug ~ early-Oct$Palantir Technologies Inc.(PLTR)$
- good for option strategy for range-bound
According to the latest earnings forecast,
Palantir is expected to report an EPS of $0.34 for the fiscal year 2024. The forecasted gross income is $2.71 billion, and the forecasted EBIT is $860.03 million. These figures indicate potential growth in the company's financial performance.
Support and Resistance: As of April 10, 2024,
the support price for PLTR is $21.46, and the resistance price is $23.86. The stock's current price is $22.42. These levels can serve as reference points for potential buying or selling decisions.
Q: How can we identify patterns in market movements using technical analysis?
A: Sometimes, the similar "movement" on price/indicator cannot be seen clearly until oval shapes are drawn. For instance, during volatile periods like June to July, we may spot a similar decline in RSI from overbought drifting to oversold conditions.
Q: What should investors watch for in the upcoming market conditions?
A: Investors should closely observe how the market reacts to the upcoming dead cross. It could result in a range-bound market, similar to previous actions observed from August to early-October.
Q: How can investors capitalize on range-bound markets?
A: Range-bound markets are conducive to option strategies. Investors can employ various option strategies tailored to capitalize on sideways price movements. Options experts can provide more insights into these strategies.
Q: What are some key indicators to monitor during volatile market periods?
A: During volatile market periods, it's essential to keep an eye on indicators like RSI, MACD, and moving averages. These indicators can provide valuable insights into market sentiment and potential trend reversals.
Q: How can technical analysis help mitigate risk during volatile market conditions?
A: Technical analysis can help investors identify key support and resistance levels, allowing them to make informed decisions about entry and exit points. Additionally, it provides a framework for understanding market dynamics and adjusting strategies accordingly.
$PLTR 20240517 22.0 CALL$ [Miser]
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Climbing slowly but Surely๐ฎ๐ฎ
sold at 22.9๐๐๐