$PLTR TOP 20
Added 2023-04-23 13:18:53 +0000 UTCLike I have said during the week, $PLTR bulls really need to start showing their teeth now and stepping in, this company should be in a strong position to benefit from the AI craze and political tensions around the world but there appears to be a lot of sideways movement.
RSI and MACD are not particularly bullish here either, the MACD is showing that there is selling pressure and the RSI is showing a move down to a neutral level.
I am giving this to about $8 to hold, which would have this sit on the 200 and 50 Day MA, if it loses $8, then the bear case is looking likely.
So What Now?
Bulls need to step in this week or I feel the structure will break down and this is leading up to the earnings at the start of May. A breakdown of the structure will bring this into our bear case and buy zone. Long term, I believe this is fantastic, it should be doing better now.
