$PLTR TOP 20
Added 2024-01-05 15:48:27 +0000 UTCMoving incredibly well and I know our members are watching this closely and are keen to start positions.
I will be watching closely to the price action at the 200 Day MA at $14.80.
Ideally we would like this to lose this level and come down to the 0.5 Fib or even better at the 0.618 Fib.
But watching where support is found is crucial now.
If the 200 Day MA is held, starting a position there makes sense but not your full allocation due to the market being weak to start the year so far.
Like I said in the chart, when I start a new position, I split my allocation into 5 parts and DCA in, so use a strategy that works best for you and what you are comfortable with.
That is what I did with $NIO too, so although I bought in the Buyzone and at $14, my average is $9.60.
Comments
I think what he mean DCA during this period because the market look weak and may be on the downtrend so split into 5 parts at each level of support from his chart is one of the strategy. But once PLTR find support and start reversal and you still not fully invest you may consider to buy the rest at higher price.
Peter Mocca
2024-01-06 01:06:30 +0000 UTCTodayβs downgrade was perfect. Folks panicking, running away from the stock after one of those genius (with 42% success rate) slashed the PT. Beautiful. Ready to load up next week.
Carlos Callejo
2024-01-06 00:59:32 +0000 UTCCap, you still of a view this will be one of the best performing stocks for 2024?
Mark
2024-01-05 18:31:41 +0000 UTCIf a stock falls further? So only allocate if a stock falls? Or are there certain levels to look for to allocate?
Duro
2024-01-05 16:22:59 +0000 UTCIf you allocated $100 to a stock, only invest $20 at first. If the stock falls further, invest another $20. Keep doing this until you reach your full allocation of $100.
Suhas Chatekar
2024-01-05 16:19:36 +0000 UTCWhat would it mean to split allocation into 5 parts? Trying to get better myself and adopt better strategies
Duro
2024-01-05 15:54:06 +0000 UTC
