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PLTR February 2021 Resistance Levels

PLTR February 2021 Resistance Levels

Summary

Two new resistance levels formed for PLTR in February, with both being defined by falling windows in PLTR's stock chart.

The first falling window occurred on 2/16, where the high for the day occurred at $30.44/share. It was around this price that the stock's second attempt to rally (after correcting from its earlier highs) ran out of steam on 2/22. Ultimately the stock's second attempt to rally only spanned a single trading day, with the stock managing to climb 15% to the close on 2/19.

After the stock's second attempt to rally ended on 2/19, the stock corrected an additional 22% to the close on 3/8, which spanned 11 trading days.

The stock's third attempt to rally brought the stock up 20% from the close on 3/8 to the close on 3/12, which spanned 4 trading days. This rally ran out of steam in the falling window defined by the candle back from 2/18. This resistance level remained in play even until July where the stock's rally ran out of steam at this price on 6/28.

Key Patterns

2/16, 2/18 - Falling Windows 📚

2/22 - Dark Cloud Cover 📚

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