PLTR - Stop survived but close remains below 10-MA
$Palantir Technologies Inc.(PLTR)$ The trade survived 15-minute low of day stop (low was print at 9.43AM ET) but close remains below 10-MA.
The same repetition for stop adjustment, if it breaks the 5/15-minute opening range low later (depends how long it takes for spread to tighten, but i wouldn't wait beyond 15-minute low).
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This is a close below 10-MA, and where i'll get active with my existing breakeven stop adjustment at open later. May be stopped out of PLTR if it breaks the 5/15-minute opening range low later (depends how long it takes for spread to tighten, but i wouldn't wait beyond 15-minute low).
There may be opportunity to get back in PLTR if price action bounce off 20-MA at close with further consolidation within a flag like formation, and RS if market pullback heavier than PLTR in their own respective ATR%. But my hypothesis mean nothing at the current state of price action, follow your sell rules and my sell rule dictate i will take my profit if it can't hold.
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