What we know about $PLTR is that it never veers too far away from its 50 and 200 Day MA and as soon as their is some breadth between the price action and the moving averages, the price reverts back to the 50 Day MA for a test of support before moving higher again.
Right now the 50 Day MA is at the 0.618 Fib at $20 and I expect this to continue moving up towards the 0.5 Fib at $21 next.
I can also see 5 subwaves in now after a break down since hitting $27.50.
If we can see an ABC move down to between $21.60 and $20, this is the ideal level to buy to catch the rest of Wave 3 to $41.
Kapil Pandey
2024-03-13 17:13:43 +0000 UTCmakis
2024-03-13 10:31:16 +0000 UTCGareth Neary
2024-03-13 10:30:24 +0000 UTCmakis
2024-03-13 10:18:51 +0000 UTC