$Palantir (PLTR.US)$The reason for today's rise is as follow...

Cutting through the line connecting the lower wicks of October 2nd and 8th (support) on the daily chart, parallel to the line passing through the top wick of October 4th (resistance), with the body of the candlestick on October 9th. Cutting the resistance line with the body implies stronger upward energy than downward energy. However, looking at the hourly chart, with candlesticks hovering around $43.35, it is crucial to break above this line first. Once broken, it is relatively easy to reach $45. However, considering that both the New York Dow and S&P 500 were at all-time highs yesterday, the possibility of downward energy should not be ruled out. In any case, breaking above $43.35 significantly with the body of the candlestick is crucial, but considering the strong body of yesterday's daily candle, it is not negating the possibility of surpassing $45 by the end of today.

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