The probability of $PLTR retesting the 200 Day MA is increasing here, in spite of how slow it has been but it continues to drift sideways, as it waits for the 200 Day MA to move higher.
I am not seeing any weakness here of the structure breaking down or losing the 200 Day MA and the fundamentals have not changed for $PLTR either.
I am seeing the same behaviour as $ETH before it broke to the upside.
A catalyst may be needed but a firm test and confirmation of support on the 200 Day MA will encourage buyers to add again.....and I believe many in our group will do the same, including myself.
WiktorW
2024-05-27 16:37:55 +0000 UTC