Blow off top - too early to short?
As much as it pains me to say this, I still think Palantir has more shorts to squeeze here. There’s a rounded bottom and my Elliot wave count puts this move at Wave 5, blow off top. I think the final Wave 5 target is higher than $100, I can’t tell exactly where it end as I don’t have a crystal ball. However, this move up is strong and can easily head towards the $150 region.
I’d strongly recommend against shorting here, as I did a few months back. There will be an opportunity to short, but I wouldn’t be jumping in front of this steam train right now.
Not financial advise, do what’s best for you.
I’d strongly recommend against shorting here, as I did a few months back. There will be an opportunity to short, but I wouldn’t be jumping in front of this steam train right now.
Not financial advise, do what’s best for you.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.