From EW perspective, it makes sense to see another slight lower low to bring this downturn to an end. It is not necessary that another lower low will happen since the weird fake wick might have taken care it. In either case we have a weekly bearish divergence on the RSI which seems to be playing out right now. Right now I am focusing on options trade and currently delta neutral to bearish biased. If price falls to $6-$5 level, I am going to start buying shares in blocks and start selling monthly covered puts/calls for a very long time; possibly for the next decade or so. I still believe PLTR can have the same growth potential as appl, msft, goog etc.
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PLTR is on a rip after defying expectations and becoming proditable years ahead of schedule. At this point have to wait til last higher high gets taken out. After i see 5 waves up and 3 down to hold $9 as support, i will relable this thing to have completed a triple combo and started an impulse.
