Palantir has recently posted strong gains, moving closer to our magenta Target Zone between $171.80 and $184.62, which we’ve identified as the (corrective) top of magenta wave (B). In this range, we expect the stock to reverse course and head lower, continuing the broader correction—making this a favorable area for short positions. Magenta wave (C) is then projected to reach the green Target Zone between $117.42 and $95, completing the green wave [A]. At that point, we anticipate a more substantial corrective rebound in wave [B]. The green zone is therefore well-suited for taking profits on short trades or initiating short- to medium-term long-positions to capture the (temporary) advance of wave [B]. For these long trades, a stop set 1% below the lower boundary of the zone can help manage risk.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.