A lot of good things are happening for PLTR. Fundamentals are getting stronger, GAAP profitability has been achieved, big partnerships are coming in. Only thing investors are waiting for is inflow of institutional money. Hopefully that will be next. For the stock at this point, price is at a crossroad. EW prospective, there is still a bear case and a bull case; given the bear case is relatively a small one.
PLTR can still see one more slight lower low to complete an ending diagonal structure and then see a significant move higher. Alternatively, It could have completed the triple combo correction in December. In that case the wave 3 of C would get the label wave c of Z and price has started an impulse. To confirm that we need to see one more higher high very soon and price to not fall below $7.47. Above $10.34, the bull case gets pretty much confirmed.
Either way, I have been accumulating and will keep doing so for the next few months and hold for at least several years.
PLTR can still see one more slight lower low to complete an ending diagonal structure and then see a significant move higher. Alternatively, It could have completed the triple combo correction in December. In that case the wave 3 of C would get the label wave c of Z and price has started an impulse. To confirm that we need to see one more higher high very soon and price to not fall below $7.47. Above $10.34, the bull case gets pretty much confirmed.
Either way, I have been accumulating and will keep doing so for the next few months and hold for at least several years.
