PLTR: Shorts got absolutely obliterated It's been an unbelievable ride.
Since beginning investing in Palantir back in 2020 I would have never imagined getting to this price point so soon, partly because theres no justification for it. However, I also didn't expect the AI sentiment would have gotten so strong so quickly. We can thank NASDAQ:NVDA for that I suspect.
Based on Fibonacci extensions from Wave 1, we have gone far beyond typical extensions. The very last extension available on the tool is the 476% extension. In terms of price this means a target of $80-85.
I don't know if we'll reach it, or if it will even be the top of Wave 3
I do know that this is still JUST Wave 3 of the 12345 impulse wave. Needless to say, we're just getting started. Wave 4 of an impulse move is typically the opposite of wave 2. In this case wave 2 was long and complex. Wave 4 should at least be less complex, and more uniform in its corrective move.
Invest for the future!
