Anyone who works in the AI / ML space will tell you that PLTR is basically a glorified tech consulting firm. It may go up higher in the short term on just hype alone, but long term this company is not going anywhere.
Getting close to a long term trend line, expecting a bounce around 190 - 210.
(Note: Trend lines are meaningless if they are not obvious to other participants in the market, but this one is very easy to spot.)
As I have pointed out in my previous analysis (), the recovery has already begun and is right now it is in full swing.
My own position is currently up around 40%, and I will continue to hold for the near future.
NIO's meteoric rise has attracted the attention of many inexperienced investors and short-term traders. Statistically, most of them will get burned by the volatility, but for any investors who are here for the long run, the recent pullback is nothing more but the beginning of another healthy consolidation and it should be welcomed.