$PLTR showed a lot of strength yesterday, when the market needed to show its teeth, $PLTR did it's part but the rest of the market could not as there was a fade throughout yesterday's session....$PLTR did manage to stay up +3.7% and the price is still above the $70 support level now, which needs to hold now
However, this is a stock that worries me because of its valuation, so if you are still holding 100% of your position, I would be concerned.
I have added the white support levels and no surprise where they align
The 0.5 Fib at the $45 breakout level and the 0.618 Fib at the 200 Day MA
This could easily drop to $45 or below.
Federico Salerno
2024-12-20 13:29:37 +0000 UTCA.S.
2024-12-20 12:25:53 +0000 UTC