Blow off top - too early to short?
As much as it pains me to say this, I still think Palantir has more shorts to squeeze here. There’s a rounded bottom and my Elliot wave count puts this move at Wave 5, blow off top. I think the final Wave 5 target is higher than $100, I can’t tell exactly where it end as I don’t have a crystal ball. However, this move up is strong and can easily head towards the $150 region.
I’d strongly recommend against shorting here, as I did a few months back. There will be an opportunity to short, but I wouldn’t be jumping in front of this steam train right now.
Not financial advise, do what’s best for you.
I’d strongly recommend against shorting here, as I did a few months back. There will be an opportunity to short, but I wouldn’t be jumping in front of this steam train right now.
Not financial advise, do what’s best for you.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.