I believe the bulls needs to step in for $PLTR before it hits $8 or they will lose this impulse wave, $PLTR should be doing better here considering their Moat in the AI world and their expertise, as the old expression goes: 'when the sun is shining, make hay!' this is their opportunity and they need to take advantage of it.
The 200 Day MA is just at the 0.618 Fib at $8.27 and this is very close to where it is in the PM now, this needs to hold, if it does not hold, then it needs to try and recapture this and not let it go below $8 before the close today. If it can not do this, I think we are looking at the corrective 5 waves down in amber
Gareth Neary
2023-04-20 15:26:19 +0000 UTCmakis
2023-04-20 15:25:37 +0000 UTC