$PLTR TOP 20
Added 2024-04-28 18:50:04 +0000 UTC$PLTR has so far held the 0.618 Fib for this Subwave 2 pull back of Wave 3.
Like I said last week, this was a wave 2 pull back so we always expect wave 2's to pull back between the 0.5 - 0.618 Fib, only wave 4's pull back to the 0.38 Fib as their standard pull back levels.
So $PLTR is behaving and respecting its Fib levels which it has done since the start of 2023.
So far there are only 3 waves since bouncing at $20, we need to see at least 4 to assume this is the start of its next impulse wave higher and there is also about 10 days until its earnings report.
We may still see one more leg down to the 200 Day MA before then which sets this up nicely for their earnings release.
I have a position already and it is green but I need to see more before adding again.....and I am also leaning on the cash side of investing right now considering the knife edge the market is on.
Testing and holding on the 200 Day MA leading to earnings would be a buy for me however, for my second buy.
