The market has displayed significant bullish momentum since September 25 and has maintained a robust upward trend following its breakthrough of the orange resistance level. The next critical price target, represented by the light blue resistance line, is swiftly drawing near. PLTR, a stock associated with war-related activities, is currently benefiting from the ongoing Israel-Palestine conflict. Additionally, important events to watch out for this week include the release of September's Producer Price Index (PPI) inflation data and the Federal Reserve meeting minutes scheduled for Wednesday, October 11. It is my belief that the markets may experience some sideways price movement on Tuesday as investors anticipate the forthcoming inflation and Fed-related information.
TRADE RECOMMENDATION
BUY PLTR
ENTRY PRICE : 16.50
STOP LOSS : 15.00
TAKE PROFIT : 20.00
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Last updated: 10/10/2023 07:02
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