$PLTR TOP 20
Added 2024-01-07 20:29:10 +0000 UTCWe are tracking this very very closely and a lot of our members are keen to start buying here and I can see why.
$ARK funds started buying in heavy on Friday but they are a large institution and due to the volume of shares they want to buy, they can not simply wait until the potential bottom is found, as there may not be enough shares to buy at that level.
The 200 Day MA is going to be a very important level to watch now at $14.80 and this is when we may start seeing a large amount of buys coming in, it is just above the 0.5 Fib so it is perfectly fine to complete Wave 2 here.
I would like to see the price going lower than the 0.5 Fib, so lower than $14 and we can really take advantage of some value.
REMEMBER, if you have missed the bottom, it does not matter!!!
A retest will always be followed by a bounce and if you missed the bottom, you can go for the lower risk level of a retest, you may have missed a few % but it does not matter in the grand scheme of things.
Always be greedy for support confirmation too, I want to buy but I am in no rush until support is found, there are a lot of opportunities available now during this market pull back.
