Bite Faang
2021-09-22

TIGER TO THE MOON
@Michane：
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) congratulations , you have just find picture,you can get 66 tiger coins after leaving a message in the comment area below this post"TIGER TO THE MOON", You also have chance to get 666 tiger coins and limited edition moon lamp. Click here to learn more
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) congratulations , you have just find picture,you can get 66 tiger coins after leaving a message in the comment area below this post"TIGER TO THE MOON", You also have chance to get 666 tiger coins and limited edition moon lamp. Click here to learn more

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.

Report

Comment

  • Top
  • Latest
empty
No comments yet