I don't think traders yet know where to value PLTR.
Great thing about the past though is that it can help you find your routing. We may be settling into a bearish channel created some time ago. Whether it's a brief time or otherwise - there it is.
PRICE MOVEMENT:
It's also possible that we can create a higher low in the next week or so and would look good for the stock technically speaking.
OSCILLATOR MOVEMENT:
Note that the RSI is now broken below the over-sold line. This will be the second time in the stocks (albeit short lived) history. The first time this happened was when we got the 17 dollar range. So if you're a "long-termer" this price range could be a nice place to load up on some more shares. Obviously just my opinion... You do whatever you'd like.
Personally I'm a minimum 5 year holder and buy in whenever the stock becomes oversold and don't try to perfectly time the bottom.
Great thing about the past though is that it can help you find your routing. We may be settling into a bearish channel created some time ago. Whether it's a brief time or otherwise - there it is.
PRICE MOVEMENT:
It's also possible that we can create a higher low in the next week or so and would look good for the stock technically speaking.
OSCILLATOR MOVEMENT:
Note that the RSI is now broken below the over-sold line. This will be the second time in the stocks (albeit short lived) history. The first time this happened was when we got the 17 dollar range. So if you're a "long-termer" this price range could be a nice place to load up on some more shares. Obviously just my opinion... You do whatever you'd like.
Personally I'm a minimum 5 year holder and buy in whenever the stock becomes oversold and don't try to perfectly time the bottom.