$PLTR TOP 20
Added 2024-01-23 00:46:21 +0000 UTCVery nice move at the opening today and I think many may have chased this when it was up 7-9% too and then the post monday open frenzy subsided but still finished a modest +4% up for the day.
The price got stopped out by the 50 Day MA at $18.35 and our yellow line which was a resistance level in October too.
So I do not believe anything was missed today while the price is still between the 50 and 200 Day MA....tho these two levels are starting to squeeze together leading up to earnings on the 5th of Feb....I suspect a direction will be taken by then or beforehand.
Like I said yesterday too, I would not blame anyone who has started a position here already and will be DCA'ing in.
The only reason I haven't started a position is because a lot of my allocation is still in $PYPL so do not wait for me to issue a buy alert, as my strategy may be different to yours right now, I am happy with my allocation still in $PYPL so I am willing to wait until the 50 Day MA is broken and the price holds above this level.
