To The Moon

My support & resistance box drawing with $Palantir Technologies Inc.(PLTR)$

I just learnt that instead of drawing lines, it's much better to use boxes to do S & R analysis.

With boxes, it becomes an area/zone that is much clearer to see & no need to wait for the stock price to arrive at that "uncertain S/R line"

So below is how I interpret from support & resistance boxes for PLTR:

I have drawn 5 purple boxes, as you can see from the white chart.

As clearly shown, the price is hovering around 26.55

So, let's take the nearest two S & R rectangle boxes from that price -- which is the box at around 28.00 & the box below that.

The box below the current price of 26.55 has a zone between 24.12 (lower price of the band) & 26.51 (upper price of the band)

And for now, it is quite close to reaching this zone..

So beware, if the price enters this zone & breaks below the average price (25.52) in the zone..

I have to consider selling off this stock (if I decided to cut from holding this long term)

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