The Long Investor

$PLTR TOP 20 UPDATE

Added 2023-05-09 19:06:28 +0000 UTC

Ok this has got a lot of attention today, earnings was good, good growth, slightly profitable but progressing in the right direction.....the back to back profit report, although minute, has gone down very well with the market today. We saw this with the last earnings report in Feb too, the share price went parabolic after posting a similar report.

This green impulse wave was just saved and I mean saved by only $0.10c, the lead up to the earnings was not great.

So I have assessed this chart as well as I could today and have gone back over the chart for the last year.

I have left in the impulse wave as it is, with the targets still the same.....obviously $PLTR has left a large gap today from the opening and we said after the last earnings report, where it left a similar gap, we expected it to be filled straight away....and that is exactly what happened. So as we say, let's see how the dust settles here.

I have added in the Corrective Wave C in red because I can not rule out this structure being corrective. Once Wave C in red is complete, we would then see 5 waves down and this could also gap fill then too.

Above $11.70 is the bull case.