The Long Investor

$PLTR TOP 20

Added 2023-08-31 15:28:58 +0000 UTC

I think we are all happy with what we are seeing here today.

$PLTR had a strong few days but it moved in a perfect 3 waves format, so we believed that it was a corrective wave bounce for Wave B, this was confirmed today, as we got a hard rejection at the 200 Day MA, right at our Wave B point.

We can see that the price fell all the way to the 0.38 Fib level exactly today too, which is great to see, this means that the Fib levels are in control and when they are in control, we can take advantage of where to buy.

Wave C normally finishes lower than Wave A, so lets hold off until we see a new low, the 0.5 Fib looks to be a great area to start a position.

I want to be very clear here so there is no confusion because I suspect a lot of members will buy $PLTR shortly:

I will buy $PLTR when it hits $13 and will gladly see it go lower, even lower than the 0.618 Fib at $11.31 and I will accumulate under $13.

So I do not want members getting confused as to why I bought $PLTR at $13 and getting concerned that it dropped another 10-15%.....this is what I want to see.

Just like when we bought $NIO in the buy zone, we entered our first position and wanted to see it go lower, that never came and people got upset.....likewise, I don't want members getting upset that it DOES go lower. (I understand people will be upset in all situations but I urge people to not get persuaded by these people who are still in the early stages of learning what we are doing here)

We have a strategy, we will keep to it and we will execute and make money, simple....same way we waited for this to decline from $20 and already we are benefitting.