The Long Investor

$PLTR TOP 20

Added 2023-11-03 01:07:31 +0000 UTC

$PLTR bounced incredibly strong today on an earnings beat.....it wasn't a brilliant earnings beat and just slightly beat (revenue beat by 0.48%) but the market decided to jump in which tends to happen to $PLTR after earnings due to its cult following.....I suspect if $NIO beat on their earnings, something similar would happen.

Unfortunately for the bulls, they have left an enormous gap behind them now between $15 and $17.17.

The chart is also showing erratic swings now and a new high was not made today, this may come over the next few sessions.

Right now, there is no clear direction if Wave 2 is in or this continues higher for Wave 1 first before Wave 2.

The main thing is, the entire structure is still an impulse wave and this should still continue higher over the next 2 years....although at a slower pace than this year.