$PLTR TOP 20
Added 2024-08-05 22:44:14 +0000 UTC$PLTR reported after the close and it was a double beat, impressive growth and raised guidance and the share price is up +12.5% in AH trading on the strength of this news.
Market collapsed earlier at the opening and tailored off during the day, we saw a similar decline like this last week on Tuesday and the following day there was a strong relief bounce, as I mentioned on Sunday, I suspect this will happen tomorrow and $PLTR will likely benefit from this double shot of enthusiasm.
Price had fallen right back to the 200 Day MA today but did not invalidate the structure by making a lower low and has now jumped back up to $27.
This is why we did not sell any of our $PLTR position, it was not in Wave 5, like the market, we have it in the middle of Wave 3
Staying above $29.30 will be the big test for $PLTR, if the market continues to show weakness over the next week or 2 weeks, then this may drift sideways but we will be watching closely.
