The Long Investor
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$PLTR TOP 20
🕑 Added 2025-05-07 11:16:15 +0000 UTCNow that is what we call a rejection.
And in no world does $PLTR deserve to be 28 times more expensive in terms of its Market Cap when:
Earnings:
$PLTR: $570 MILLION
$HIMS: $164 MILLION
And $HIMS growth rate over the next 5 years is better and has better fundamentals all round.
It is good to put things into perspective and show how the market does not care for bias, it cares about fundamentals and facts.....short term euphoria is a red flag.
I see the price action dropping down next to the 50 Day MA which is at $92 right now, this is where the bulls needs to defend
A break below $88 and the lower Red Fib levels come into play at:
$79
$65
and $52.
My chart has not changed and neither has my view.
Interesting to note that the RSI indicator was painting clearly that a rejection was due too.
Comments
TommyJR
That RSI divergence has been there for so many months .. has to play at some point .. 80s I think not sure on more yet
