The Long Investor

$PLTR TOP 20

Added 2024-11-07 12:20:45 +0000 UTC

$PLTR has gone parabolic now and in my last upload I said that there is no clear Wave 4 or anything that remotely looks like Wave 4....so we must assume that it will come soon and since $PLTR is going parabolic now, we must still assume it is in Wave 3 (with the absence of Wave 4) and parabolic moves are found in Wave 3.

So that leaves me with the conclusion that Wave 1 and Wave 2 must have been incorrect, so the rational approach here and also where we had our Buy Zone, is that this is where Wave 2 completed, at $20.

There are two legitimate cases of where my Wave 1 and 2 was and where it is now.....the fundamentals told us that where my Wave 1 and Wave 2 was made more sense, as $PLTR is the most expensive stock in the Top 100 now in the market, as it is that overvalued.

But that being said, we need to find the answer.

So as shown on this chart, my Wave 1 and Wave 2, do align very well with where the share price is right now......which remarkably has the price action exactly at the 1.618 Fib

So the Buy Zone at $20 to the 1.618 Fib at $55 is Wave 3.

If this is correct, the 0.38 Fib is at $40, this is where we want a pull back to.

Let's see.....regardless of all of this, I still have 80% of my position and would NEVER buy a stock with fundamentals this high at this level.

I will only add on a pull back.