The Long Investor
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$PLTR TOP 20
🕑 Added 2025-04-21 19:30:51 +0000 UTC$PLTR hit resistance again in the amber Wave B range and has dropped below the 0.38 Fib and the 50 Day MA, and also made a lower low today so this is seen as a rejection.
I have added in the small white fib levels to show where a pull back can find support.
Failure to hold on these levels and Wave C comes into effect and there is a drop below the $65 level with the target at the 200 Day MA and/or the 0.618 Fib at $51.
With many stocks dropping to the 0.78 Fib lately and with this being the 3rd most expensive stock in the market, this is a clear avoid stock for me.
Comments
John Keys
Breaking all resiatances on the way to hit its old all time high. Since it went above 106, does this mean we are at wave 1, and abc has compleated? Not investing here, but considering some shorting.
Nadim
Wasn’t 65$ wave C ?
