$PLTR TOP 20
Added 2023-08-13 20:05:32 +0000 UTCNeedless to say I am happy with $PLTR pulling back, it extended a little higher for Wave 5 but that is no problem, the ABC waves always come, as we saw with $DNA when it extended too.
Some of our members took profit just before the earnings and it turned out to be a sensible move, the same was true with $ABNB.
A relief bounce is certainly due here, we know that this is bounce will be Wave B, before going lower.
$PLTR needs to take its time here, it has been moving through these waves very quickly, with questionable parabolic moves ($7 to $21 was quick) what saved this was the aggressive move happening in Subwave 3 of Wave 1.
$PLTR certainly gets a lot of attention, social media was flooded after their earnings report and the blinkers were certainly on for a lot of bulls, the fact is, the earnings reported a double miss....only slightly, but the record books will show a miss.
I do believe it is a good long term hold but revenue has not really taken off with the hype, a pull back further to our Wave C level makes this attractive again.
