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PLTR 2H 2021 Resistance Levels

PLTR 2H 2021 Resistance Levels

Summary

PLTR's resistance levels from February '21 remained in play for the rest of the year.

After hitting resistance on 6/28, the stock fell 22% to the close on 7/16 before attempting to rally again.

The next attempt at the rally brought the stock up 35% from the close on 7/16 to the close on 9/23. While the close on 9/23 of $28.77/share was 7% above the estimated resistance level of $26.92/share (defined by a falling window candle on 2/17), the stock was unable to make further gains. From the close on 9/23, the stock then corrected 19% to the close on 10/4 before making another rally.

The next rally ended on 11/8. While the stock tested highs, the stock was unable to close at prices above the estimated resistance level of $26.92. The stock then began another descent, with the first two days of it marked by a 14% reduction in stock price.

Key Patterns

6/29 - Bearish Engulfing 📚

9/17 - Doji

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