Dear subscribers and visitors
Lets come together to discuss the current situation in Palantir.
PLTR
Palantir had an impressive IPO in late 2020 and has lost over 60% in value since its all-time high of $45.
From an Elliot Wave perspective, there are enormous opportunities here, as we can assume that we have built a very large 1-2 setup, which will bring a large bull market with it for the coming years.
Thus, we could see prices above $35 again in the short term and prices of even $90 are possible without problems in the long term. For long-term oriented investors, buying is highly recommended now.
Nevertheless, it must be pointed out that a price drop from the current level to as low as 13$ is very likely. This is because the Elliot wave structure since the recent low can be interpreted as a 1-2 setup or corrective B wave.
If this crash were to happen, it would be incredibly important to take advantage of it, as Palantir will never see such low prices again.
I wish everyone a relaxing December and best of luck navigating the markets.
Lets come together to discuss the current situation in Palantir.
PLTR
Palantir had an impressive IPO in late 2020 and has lost over 60% in value since its all-time high of $45.
From an Elliot Wave perspective, there are enormous opportunities here, as we can assume that we have built a very large 1-2 setup, which will bring a large bull market with it for the coming years.
Thus, we could see prices above $35 again in the short term and prices of even $90 are possible without problems in the long term. For long-term oriented investors, buying is highly recommended now.
Nevertheless, it must be pointed out that a price drop from the current level to as low as 13$ is very likely. This is because the Elliot wave structure since the recent low can be interpreted as a 1-2 setup or corrective B wave.
If this crash were to happen, it would be incredibly important to take advantage of it, as Palantir will never see such low prices again.
I wish everyone a relaxing December and best of luck navigating the markets.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
The important support line at 17.06$ was broken and the expectation of higher prices is therefore buried for the following weeks.
It's very likely that Palantir will start a small upwards correction in wave 4 and after this recovery we will reach even lower prices.