$PLTR has stayed on message, consolidated above the 0.618 Fib at $20.18, broke above the 50 Day MA and has cleanly broke out of the wedge now. We had 2 months to buy within the consolidated range so everyone who has been following our buys on $PLTR and following our chart will be in comfortable profit now.
There has been no retest of the wedge breakout level yet either and the price is looking to test the 52 Week high shortly at $27.50.
Our Wave 3 target has not changed in 14 months months, it remains at $41 at the 1.618 Fib
The Blue line at $29.26 is also a potential resistance level, as it was in late 2021.
If there is a retest of the wedge breakout level again and hold, then I will consider adding to my position, for now, I am happy with my holdings.
Josh Stevens
2024-06-20 14:34:10 +0000 UTCRM
2024-06-20 10:46:30 +0000 UTC