PLTR: so far looking good

٨ يونيو ٢٠٢٣

PLTR is on a rip! At this point we might have seen wave 3 on the minute degree has been completed. Since there is no bearish divergence between Feb high and the today's high, it is safe to say this is not a C wave. However, we must let 5 waves play out. Since wave 2 was long and deep ABC flat, wave 4 could be a swift and shallow zigzag or a triangle. the invalidation point for bullish case is the wave 1 $10.31 high. I am expecting support on around $12 should hold and price should not show too much weakness right now. Whatever consolidation is needed to cool off RSI to continue the next wave higher. I will be looking to load up again at $12 to $11 levels with a clear stop at $10.31. Eventual target for minor wave 1 will be around at $20 something...