Written By: ChartChamp
February 26, 2024
$PLTR is trying to flip this green resistance line into support here. There already has been a pretty bullish bounce off the green resistance line. There is a possibility for PLTR to run up to the red resistance zone at $27-28 here. For now I would monitor the green support line to make sure the support continues to hold. Buys can be made below support for the best entry around $22.79.
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While the S&P and NASDAQ have struggled, IWM continues to show more bullish momentum. Today IWM opened with a bullish gap higher, and is trading near the local highs around $226. IWM can continue to rally higher to the $233.10 target before facing resistance. Follow me on social media: https://linktr.ee/realchartchamp
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Read MoreSmall caps are showing some bullish momentum, and NVAX stands out as a strong performer. I have $25.41 as a key resistance target on the way up. Follow me on social media: https://linktr.ee/realchartchamp
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