$PLTR TOP 20
Added 2023-04-29 20:43:30 +0000 UTCThe bulls did not step in this week, they lost the 200 Day, the 50 Day MA, the important $8 level, the vital Fib levels and now following our 5 waves down in amber count perfectly well.
They should be doing better, considering their market and their interest but the market appears to be factoring in a weak earnings report, which is due on the 8th of May, a really positive and surprise beat will be needed to turn this around.
So What Now?
Red line support and the important blue line support are just below, below the blue line and we are into the bear case and buy zone, I would not be as keen to buy as soon as this enters the buy zone, while the count is looking like this, I would be interested in buying when this finishes Wave 3 and this is deep into the buy zone. There are much better set ups instead right now. If this continues to go lower, as a long term buy, I see a lot of potential if bought towards the bottom of the buy zone.
