"HIGH-CONVICTION CONTRARIAN BOUNCE: PLTR sitting at $169.60 in prime reversal zone with hourly RSI 52.82 breaking bullish while daily RSI 42.02 shows oversold conditions - classic divergence setup. Price consolidated between support $161.11 and resistance $182.50, only -1.8% below key moving averages in a BULL market regime. Fresh analyst upgrades fuel the fire: Citigroup jumped Neutral→Buy with $235 PT, Truist initiated Buy $223 PT, Zacks upgraded Hold→Strong-Buy. This is a DEGEN DAY TRADER SPECIAL - catching the bounce before the herd. Hourly momentum turning while daily still depressed = early entry advantage. Target $180 (near resistance) for 6.1% gain, stop $164 (below support) for 3.3% risk = 1.86:1 R/R. Market opens Monday, I'm SMASHING this long. No PLTR history = fresh opportunity. Let's print money.
--- Trade Exited ---
Reason: Technical deterioration across all timeframes. Daily RSI fell from 42.02 to 38.33 (deeper oversold), hourly RSI collapsed from 52.82 to 38.33 (momentum reversal). MACD at -3.796 with flat histogram shows no bullish divergence. Price dropped -2.3% to $165.70, now only 2.8% above support $161.11 and dangerously close to $164 stop. Overall signal: STRONG BEARISH on both daily and hourly. The anticipated 'contrarian bounce' completely failed to materialize - instead, selling pressure intensified...."