My Dad tells me to get into this stock every day for the past year haha. Maybe now is a good time to pickup some at least for dinner conversation lol. 66 though wow
Eloquent
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@Tonpanzee, not a bad area to take a bite - also $66 is the conservative target xD i don't wanna throw bigger numbers out just yet, not without further confirmation
Tonpanzee
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@Eloquent, Thanks Elo! You have very cool stock picks. I don't know if you believe in Wyckoff distributions and accumulations, but this one looks very much like an accumulation with an ST and this bottom being a spring
This thing has been showing some really strange behavior lately, but that is what tends to happen as institutions try and hide accumulation. I have been long PLTR for quite a while now, but the second half of today surprised even me. There was a clear void between like $16.30-$17.00, though, so it has indeed moved up through that range easily. That being said, this stock is bi-polar right now and nothing would surprise me at this point. All I know is that insiders appear done selling and institutional buying is up. Those are good things. Short float is up too, and that's not a good thing. If the Nasdaq and tech growth stocks continue to rebound, so will PLTR. If they don't, PLTR will probably fall back.
Eloquent
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@digital_precisions, i strongly agree. between may and today it pretty much ranged, indicative of accumulation from my perspective. i patiently waited for this level, and was even surprised myself that it finally got down here after all this time.
time will tell though, no guarantees in these markets, only probabilities
Tonpanzee
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Hello, do you happen to have any thoughts on where PLTR could possibly go from here?