Trading idea: PLTR under surveillance

On the D chart, after more than a year of decline, an upward momentum is formed. Successful established support at 0.236 fibo ($ 8.52) and upcoming diagonal breakout test. The next resist can be expected in the area around 0.382 per fibo ($ 9.7) in addition to the resist level we have an unfilled gap. TD Seq reflects the beginning of the upward cycle, so far it has reached 4. Personal expectation – break of the diagonal, a reject of 0.382, a test of the diagonal and the continuation of the upward movement. DeM in the bull zone around 71 levels. Potential resistance levels are highlighted in green.

On the W time frame, TD Seq ended the downtrend after printing 13. A break and a close above the levels in the area around $ 9.20 would indicate a stronger uptrend, as these are the price levels from the time of the company’s IPO. Waiting for the 1st to start a new uptrend, which should happen in the coming days. DeM in neutral territory of about 32. Potential and suspected strong resistance levels are marked in yellow.

The stabilization of the 12-month expectations at levels around 12.35 – a positive signal, which is the assessment of the current fair price with the potential to reach these levels in the coming months.

Profits are expected to continue to increase in the remaining quarters.

In confirmation of the previous picture, in EPS after a previous decline a curve is formed, which will strengthen the potential growth in price.