PLTR has been on a rip, but not without periodical 20-30% dips along the way. The way MACD is extended, it will not be surprising to see a somewhat meaningful pullback to start the wave 4 correction. Wave 2 was around 30% and lasted around a couple of months. Wave 4 can be quick and deep or can be a triangle that will take some time to resolve. Either way, I will be looking for $100 - $80 for support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.