The Long Investor

$PLTR TOP 20

Added 2024-05-07 11:27:08 +0000 UTC

$PLTR is hurting in the PM now after a noble earnings report but Free Cash Flow has declined and the market does not like to see this happen, they carry a lot of weight on the fundamentals on FCF.

Guidance for '24 remains strong and even improved, I don't see anything in this report to merit any change to the overall impulse structure, what we may see is just an extended ABC correction, I have added this alternative on the chart in red.

There has not been a lower low made yet tho, so it is not in play just yet.

But like I said before the report, if there are any blemishes, we can not rule out a test of the 0.618 Fib and the 200 Day MA at $19, a hold here and I will be adding my third buy for $PLTR.