Dear subscribers, lets come together to discuss the recent movements in Palantir.
PLTR
Our last update on Palantir was released on December 13, and just days ago we broke the major support at 17.06
If you are curious about our statements in the past article, feel free to click the link below.
Additionally we wanted to quote a very important warning from our last update.
"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."
We can assume that we have now completed wave 3, as the price has stopped between the 1,618 and 1,786 extension.
Now we can expect a recovery within the wave 4, which can bring us back to prices up to $18-20.
After this recovery, we can expect another crash towards 15$ and in the worst case even to 13$. A bigger recovery or the start of a rally is unlikely at the moment.
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
PLTR
Our last update on Palantir was released on December 13, and just days ago we broke the major support at 17.06
If you are curious about our statements in the past article, feel free to click the link below.
Additionally we wanted to quote a very important warning from our last update.
"Nevertheless, it must be pointed out that a price drop from the current level to as low as 13$ 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."
We can assume that we have now completed wave 3, as the price has stopped between the 1,618 and 1,786 extension.
Now we can expect a recovery within the wave 4, which can bring us back to prices up to $18-20.
After this recovery, we can expect another crash towards 15$ and in the worst case even to 13$. A bigger recovery or the start of a rally is unlikely at the moment.
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
