more government money to flow in on top of a growing/expanding commercial sector. Those that sold out of fear of a shrinking government sector (i.e. Mama Cathie) jumped the gun and did not show patience or conviction.
I hold firm to my long term belief that we are looking at an increasingly important software company that solves problems for people, companies, and countries alike.
I've been buying all the way down.
This is my short term price prediction. Not trading advice. Good luck to all.
I dropped my short on PLTR when the MACD finally broke through this trend line. It's also about to breach the zero line from below, which is a bullish sign. PLTR is still following some macro indexes like most every other stock, but on down days it's not quite as down and on up days it's higher up. I am as hesitant as ever with PLTR, but to me it looks like the bottom has been reached. I am not going to make any upward predictions just yet, but I would be absolutely shocked if it makes a new low. I believe the bottom will prove to be when ARK sold off 30 million shares.
HassiOnTheMoon
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@digital_precision I guess you can chock up my price movement prediction as wishful thinking lol and yes! I agree with you regarding the MACD. if we retest the low. I'm ok with it as I feel as well that we've reached bottom.