I think we will be eliminating one of these impulse waves this week as the price pushes higher to reach Wave 1 beside the Bull Case indicator.
There was some resistance at the $20 level this week but managed to finish the end of the week pushing higher.
I believe Wave 2 is coming next then.
Fundamentals have now been updated for $PLTR and they are now recording a PE of 316 and a FWD PE of 69. As you can imagine, this is not something I am attracted to at these multiples.
EPS is expected to be +19% next year, although positive, they would need to be a lot stronger to bring down the PE ratios to valued levels.