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PLTR 2H 2024 Ascending Channel Part 1

PLTR 2H 2024 Ascending Channel Part 1

Summary

8/6 marked the day that a rising window pulled PLTR stock above $25.5 resistance for good, levels of which had been in play from earlier in the year.

An ascending channel had started to form from the stock as well, from low prices in late May all the way to early November. A rising window on 11/5 finally pulled the stock out above the channel and on to more gains. The stock ultimately continued to trade in another ascending channel pattern until the beginning of 2025.

Buying the stock after the rising window on 8/6 and holding thru 11/4 would have resulted in a 56% gain. The gains for the stock among the entirety of the ascending channel (from ~ 5/23 thru 11/4) totalled 100%!

Key Patterns

5/23 thru 11/4 - Ascending Channel

8/6, 11/5 - Rising Window 📚

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