$PLTR TOP 20
Added 2024-01-09 20:38:03 +0000 UTC$PLTR had a positive day yesterday, possibly on the optimism that the bottom for Wave 2 was complete but I am not seeing any solid confirmation that a reversal has happened and today we did not see a continuation of this bullish behaviour.
Bulls will like that the price action found support on the 0.38 Fib but we would still expect a further decline and there is a very obvious gap down to $15 too.
The 50 Day MA on the 1hr chart has also offered some resistance too so this may continue to guide $PLTR lower to our levels.
If you are a fan of $PLTR, watching for a reversal at the gap fill should be of interest to you.
Those who are happy to wait and see if the 0.5 Fib is hit, should consider starting a position around these levels and adopt a DCA strategy if it drops lower.
