$PLTR like a lot of the market continues to struggle with its support levels and is below the bear flag support line in the AH market now. It still has time to recapture this week and try and stay above the 50 Day MA at the same level.
However, if this is lost then the 200 Day MA is next on the agenda and we can see it moving towards our Wave 2 target level now.
Remember, I believe this is an impulse wave and this remains in a bullish set up, so a pull back here to the 200 Day MA is an attractive buy once it holds.