$Palantir (PLTR.US)$ pltr retested the 20.58 support once ag...

$Palantir (PLTR.US)$ pltr retested the 20.58 support once again and closed above it. This is showing the strength of the 20.58 support. If it does continue holding, it is imminent we see a rebound from here to retest the upper resistance.

However rebounding up to retest resistance does not mean we will definitely break it. Thus we still have to monitor price action.

Ultimately, sell off volume yesterday was not very high and this means that the sellers are starting to be cautious at this levels and not shorting at full force. Pltr may end up consolidating in this level for some time before indicators catch up for a swing to the upside. As of now, the longer the 20.58 support holds, the better chance of the price pushing back up to the top of consolidation zone.

As always, trade safe & invest wise!

If you have not watched my video to know the support and resistance of pltr, do click the link below!
https://www.youtube.com/channel/UCyPNjiwKhSL1p37lqyowuZw