The Long Investor
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$PLTR TOP 20
🕑 Added 2025-04-14 11:39:52 +0000 UTCBig test coming up for $PLTR at the 50 Day MA which is being tested in the PM now.
The price action did attempt to hold above this MA in March but failed to hold support on the retest of this MA and dropped all the way down to the 0.5 Fib at $65....and at the 0.5 Fib we can expect an ABC correction to complete at
So far there has only been one bounce to far since $65, so if the price action does reject at the 50 Day MA at $92, then a higher low next will still be a good sign that this can go higher next.
For me, I can not buy $PLTR at $65 or above, it is too overvalued for me to comfortably buy and hold.
Not when there are so many companies with much stronger fundamentals and in an undervalued position right now.
Comments
MCAL
Hi Cap, thanks. Seems we are missing the number at the end of paragraph 2. Is it 65? Given where the C wave end is, I presume that if it got to this $60-65 range, it would be quite compelling, correct?
