The Long Investor
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$PLTR TOP 20
🕑 Added 2025-05-15 10:50:26 +0000 UTCKarp following the Trump Admin in Qatar has done wonders for attention to stay on $PLTR and keep the chasers invested here and as a CEO, that is his job to sell the product.
I probably don't have to share my view here anymore because it is obvious that under no circumstances would I touch this, even if it does stay above its previous ATH, the risks are far too high and chasers will chase and when they sell, they'll panic because the fundamentals are not there to support this outrageous valuation.
So proceed with caution, as a recent study has shown that retail investors spend less than 6 mins researching a stock.
I can see 5 waves now since the bounce at the 0.5 Fib at $65 and after 5 waves we want to see a 3 waves pull back, so I have added the green fib support levels to show where a higher low can pull back to and the 50 Day MA cuts right through this range, so this would be the ideal level to pull back to next if the previous ATH level at $124 is lost.
Comments
Haig Vartanian
What does the orange line mean 119
Ahmed shorbagy
Sorry i am new here but does this mean selling all i have is safer? I got it a month ago
Gareth Neary
I remember institutions accumulated $GME when retail became obsessed in 2021....but they got out before retail realised it was a bubble
Federico Salerno
Cap, given that I am with you on this one and I wouldn’t touch something so hot, do you have any clue why some institutionals are accumulating even at these levels? Is it something you have experienced with other positions in the past? Thank you as always ❤️
Roc Baller
I agree in the 60s is where I see this going to as well, possibly by end of 3rd quarter this year. If nvda can drop about 50% from it's all time high, I don't see why this can't esp when it's so overvalued.
TommyJR
6 minute abs !
