The Long Investor
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$PLTR TOP 20
🕑 Added 2025-05-05 11:07:23 +0000 UTCNo changes to the chart or commentary.
$PLTR has come very close to testing its previous high but has not been able to do this yet in the PM.
Chart is still valid and Wave B can have no issue overshooting the blue line at $125.41 and still be valid.
RSI on the daily chart is already in the overbought territory at 77leading into earnings later, this is a walking red flag.
BUT do not underestimate the cult following this company has.
MAGA supporters can continue to buy this hand over fist regardless of their weak fundamentals and that they make very little money. My last commentary remains the same too, a hold above $125 and the Green Fib at $169 can be tested next. I think everyone knows how I feel here, if there are 10 stocks that we follow, and 8 of them follow our strategy and 2 don't, then we will take that 80% win rate every time....maintaining your strategy protects the win rate, rogue positions should not be chased under any circumstances.
Would Buffett buy $PLTR?....a clear no right now.
Comments
Danny James
Karp is a liberal
Derek Bealby
IMO the MAGA comment is not beneficial to the assessment of the chart and near term fundamentals. A group poll done in the last 2 weeks said less political stuff was wanted unless it was to the benefit of the topic/group.
Matt
overbought you mean?
JG
Thanks cap. You mean weak fundamentals vs share price right?
Gareth Neary
There is a strong Pro Republican support behind $PLTR, this is very obvious, no harm in that.
Jeff LeBlanc
What does MAGA have to do with this?
